By Josh Beckerman
Epsium Enterprise, which operates through Macau-based alcoholic beverage importer and seller Luz, filed for an initial public offering.
Luz supplies beverages including cognac, Chinese liquors and Scotch whisky. Growth plans include increasing its sales from consignment agreements with casinos.
Epsium is seeking a Nasdaq Capital Market listing under symbol EPSM.
The company said it expects to use about 60% of net IPO proceeds to buy or invest in “assets, technologies, solutions, or businesses,” with about 20% slated for general corporate purposes.
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