05:57 PM EDT, 04/03/2025 (MT Newswires) -- Top Win International (TOPW) closed its initial public offering of 2.66 million ordinary shares at $4 apiece for gross proceeds of $10.6 million.

Underwriters have a 45-day overallotment option to buy up to 399,600 additional shares at the IPO price, the company said Thursday in a statement.

Net proceeds will be for brand marketing, sales team growth, regional expansion, inventory diversification and general corporate purposes.

The shares debuted Tuesday on Nasdaq. They rose 3.3% in after-hours trading Thursday after slumping 28% to $2.76 in the regular session.