Global Engine Group (GLE) said Monday it completed its initial public offering of 2 million shares at $4 each for gross proceeds of $8 million.

The IPO's underwriters were granted an option to buy up to an additional 300,000 shares within 45 days, Global Engine said.

Hong Kong-based Global Engine went public on Nasdaq on Friday under the ticker symbol "GLE."

It will use the proceeds from the offering for marketing and branding efforts, as well as to recruit personnel, and make strategic investments, the company said.

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