1. EFTY prices IPO of 1,400,000 shares at $4.00 each. 2. The IPO is expected to raise $5.6 million before expenses. 3. Proceeds will fund expansion, tech infrastructure, and strategic marketing. 4. Trading starts on August 8, 2025, on Nasdaq. 5. Underwriters have an option for additional shares within 45 days.
The successful IPO and funding for growth suggest potential for increasing share value, similar to other successful new listings that initially surged post-IPO.
The funding from the IPO could lead to significant operational improvements and market positioning, influencing investor perceptions positively.
The pricing and launch of the IPO have immediate implications for stock performance upon trading initiation.
HONG KONG, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Etoiles Capital Group Co., Ltd (NASDAQ:EFTY), a Hong Kong-headquartered financial services firm, today priced its initial public offering (the "Offering") of 1,400,000 Class A ordinary shares at $4.00 per share. The Class A ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on August 8, 2025 under the ticker symbol "EFTY."
The Company expects to receive aggregate gross proceeds of US$5.6 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 210,000 Class A ordinary shares at the public offering price, less underwriting discounts. The Offering is expected to close on or about August 11, 2025, subject to the satisfaction of customary closing conditions.
Proceeds from the Offering will be used for business expansion, technology infrastructure, strategic marketing, and general corporate purposes.
The Offering was conducted on a firm commitment basis. Prime Number Capital, LLC acted as representative underwriter and sole book- runner for the Offering. Loeb & Loeb LLP acted as the U.S. counsel to the Company, Ogier acted as the Cayman Islands counsel to the Company, and Ye & Associates, P.C. acted as the U.S. counsel to the underwriting syndicate in connection with the Offering.
A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission ("SEC") (File Number: 333-287302) and was declared effective by the SEC on August 7, 2025. The Offering was made only by means of a prospectus, forming a part of the registration statement. A final prospectus relating to the Offering was filed with the SEC on August 7, 2025, which may be obtained from Prime Number Capital, LLC, 12 E 49 St, Floor 27, New York, NY 10017, Attention: Shenghui Yang by email at ecm@pncps.com, or by calling +1(347) 329-1575. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.
About Etoiles Capital Group Co., Ltd
Etoiles Capital Group Co., Ltd (NASDAQ:EFTY) is a Cayman Islands holding company operating through its Hong Kong subsidiary, Etoiles Consultancy Limited. The Company provides comprehensive financial advisory, capital markets services, and integrated solutions—including corporate financing, initial public offering consulting, and investor relations—to clients navigating global capital markets.
Contacts
Issuer Inquiries
Etoiles Capital Group Co., Ltd
Room 1109, 11/F, Tai Yau Building
181 Johnston Road, Wanchai, Hong Kong
Tel: +852 2398 8699 | Email: ir@etoilesfin.com
Underwriter Inquiries
Prime Number Capital, LLC
27F, 12E 49th Street, New York, NY 10017
Tel: (347) 329-1575 | Email: info@pncp.com
