Agencia Comercial Spirits Ltd Class A Ordinary Shares

AGCC

Five small IPOs debuted and four SPACs listed this week as the government shutdown continues to complicate listings. Two sizable IPOs are scheduled for the week ahead, both of which launched after the government shutdown began. Street research is expected for six companies in the week ahead, and two lock-up periods will be expiring.

Taiwan, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Agencia Comercial Spirits Ltd (the “Company” or “Agencia”) (Nasdaq: AGCC), a Taiwan-based specialized importer and distributor of high-quality whiskies, today announced the closing of its initial public offering (the “Offering”) of 1,750,000 Class A ordinary shares at a public offering price of US$4.00 per ordinary share (the “Offering Price”) for total gross proceeds of US$7.0 million, before deducting underwriting discounts and offering expenses. In connection, the Company has granted the underwriters a 45-day option to purchase up to an additional 262,500 Class A ordinary shares of the Company, at the Offering Price, representing 15% of the Class A ordinary shares sold in the Offering.

Taiwan, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Agencia Comercial Spirits Ltd (the “Company” or “Agencia”), a Taiwan-based specialized importer and distributor of high-quality whiskies, announced the pricing of its initial public offering (the “Offering”) of an aggregate of 1,750,000 Class A ordinary shares, which was conducted on October 21, 2025, at a public offering price of US$4.00 per share (the “Offering Price”), for total gross proceeds of US$7.0 million, before deducting underwriting discounts and offering expenses.

Agencia Comercial Spirits sells whisky products in Taiwan and has filed to raise around $9 million in a US IPO. The company's IPO valuation is extremely high, with EV/Revenue and Price/Sales multiples far above industry averages. Despite improving margins and ambitious expansion plans, free cash flow remains negative and capitalization is thin.