Etoiles Capital Group Co., Ltd Announces Closing of Underwriters鈥� Over-Allotment Option in Connection with Initial Public Offering
Etoiles Capital Group (Nasdaq: EFTY), a Hong Kong-based financial services provider, has successfully completed its IPO with the full exercise of the underwriters' over-allotment option. The company sold an additional 210,000 Class A ordinary shares at $4.00 per share, bringing the total gross proceeds to $6.44 million.
The offering was conducted on a firm commitment basis, with Prime Number Capital, LLC serving as the representative underwriter and sole book-runner. The proceeds will be allocated towards business expansion, technology infrastructure, strategic marketing, and general corporate purposes.
Etoiles Capital Group (Nasdaq: EFTY), fornitore di servizi finanziari con sede a Hong Kong, ha concluso con successo la sua IPO grazie all'esercizio integrale dell'opzione di sovrallocazione degli offerenti. La societ脿 ha venduto ulteriori 210.000 azioni ordinarie di Classe A a $4,00 per azione, portando il ricavo lordo totale a $6,44 milioni.
L'offerta 猫 stata condotta con impegno fermo, con Prime Number Capital, LLC che ha operato come sottoscrittore rappresentante e unico book-runner. I proventi saranno destinati all'espansione del business, alle infrastrutture tecnologiche, al marketing strategico e ad esigenze generali d'impresa.
Etoiles Capital Group (Nasdaq: EFTY), proveedor de servicios financieros con sede en Hong Kong, ha completado con 茅xito su salida a bolsa tras el ejercicio total de la opci贸n de sobreasignaci贸n de los suscriptores. La compa帽铆a vendi贸 210.000 acciones ordinarias Clase A adicionales a $4,00 por acci贸n, elevando los ingresos brutos totales a $6,44 millones.
La oferta se realiz贸 con compromiso firme, con Prime Number Capital, LLC como colocador representante y 煤nico book-runner. Los fondos se destinar谩n a la expansi贸n del negocio, infraestructura tecnol贸gica, marketing estrat茅gico y fines corporativos generales.
Etoiles Capital Group (Nasdaq: EFTY), 頇嶌僵鞐� 氤胳偓毳� 霊� 旮堨湹 靹滊箘鞀� 鞝滉车鞐呾泊臧� 鞏鸽崝霛检澊韯办潣 齑堦臣氚办爼 鞓奠厴鞚� 鞝勲焿 頄夓偓頃橂┐靹� 旮办梾瓿店皽(IPO)毳� 靹标车鞝侅溂搿� 毵堧毽枅鞀惦媹雼�. 須岇偓電� 於旉皜搿� 21毵� 欤检潣 韥措灅鞀� A 氤错喌欤�毳� 欤茧嫻 $4.00鞐� 毵り皝頃� 齑� 齑濎垬鞚奠潉 $6.44 million (鞎� 644毵� 雼煬)鞙茧 旮半頄堨姷雼堧嫟.
鞚措矆 瓿惦電� 頇曥暯 鞚胳垬 氚╈嫕鞙茧 歆勴枆霅愳溂氅�, Prime Number Capital, LLC臧� 雽�響� 鞚胳垬須岇偓 瓴� 雼弲 攵侂煬雱�(book-runner)毳� 毵§晿鞀惦媹雼�. 臁半嫭旮堨潃 靷梾 頇曥灔, 旮办垹 鞚疙攧霛�, 鞝勲灥鞝� 毵堨紑韺� 氚� 鞚茧皹 旮办梾 氇╈爜鞐� 靷毄霅� 鞓堨爼鞛呺媹雼�.
Etoiles Capital Group (Nasdaq: EFTY), prestataire de services financiers bas茅 脿 Hong Kong, a finalis茅 avec succ猫s son introduction en bourse apr猫s l'exercice complet de l'option de surallocation des souscripteurs. La soci茅t茅 a vendu 210 000 actions ordinaires de classe A suppl茅mentaires 脿 4,00 $ par action, portant le produit brut total 脿 6,44 millions de dollars.
L'offre a 茅t茅 r茅alis茅e sur la base d'un engagement ferme, Prime Number Capital, LLC assurant le r么le de souscripteur repr茅sentant et d'unique bookrunner. Les fonds seront affect茅s 脿 l'expansion commerciale, 脿 l'infrastructure technologique, au marketing strat茅gique et 脿 des fins g茅n茅rales de l'entreprise.
Etoiles Capital Group (Nasdaq: EFTY), ein in Hongkong ans盲ssiger Finanzdienstleister, hat seinen B枚rsengang erfolgreich abgeschlossen, nachdem die Mehrzuteilungsoption der Underwriter vollst盲ndig ausge眉bt wurde. Das Unternehmen verkaufte zus盲tzlich 210.000 Stammaktien der Klasse A zu $4,00 je Aktie und erzielte damit einen Bruttoerl枚s von $6,44 Millionen.
Das Angebot erfolgte auf Basis einer festen 脺bernahmeverpflichtung, wobei Prime Number Capital, LLC als vertretender Zeichner und alleiniger Bookrunner fungierte. Die Erl枚se werden f眉r die Gesch盲ftsausweitung, die technologische Infrastruktur, strategisches Marketing und allgemeine Unternehmenszwecke verwendet.
- None.
- Relatively small IPO size may limit institutional investor interest
- Potential dilution for existing shareholders
Insights
Etoiles Capital's IPO over-allotment exercise signals strong initial demand, though the $6.44M total raise is relatively small for a Nasdaq listing.
Etoiles Capital Group's announcement reveals their underwriters fully exercised the 210,000-share over-allotment option at
However, the total capital raise of
The firm commitment underwriting structure provided by Prime Number Capital indicates the underwriter purchased all shares outright rather than using a best-efforts approach, demonstrating some confidence in the offering. That said, the involvement of a single, less prominent underwriter rather than multiple major investment banks suggests a relatively niche offering that didn't attract top-tier underwriting interest.
While the successful closing of this over-allotment indicates positive initial reception, investors should note that micro-cap IPOs of this size often face liquidity challenges and higher volatility in secondary trading.
HONG KONG, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Etoiles Capital Group Co., Ltd (Nasdaq: EFTY), a Hong Kong-based financial services provider, today announced that it closed the sale of an additional 210,000 Class A ordinary shares of the Company, pursuant to the full exercise of the underwriters鈥� over-allotment option granted in connection with the Company鈥檚 initial public offering (鈥淚PO鈥�, together with such over-allotment closing, the 鈥淥ffering鈥�), at the IPO price of
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聽acted as the 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聽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 (鈥淪EC鈥�) (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聽[email protected],聽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聽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鈥檚 securities, nor shall there be any offer, solicitation or sale of any of the Company鈥檚 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鈥檚 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 鈥渁pproximates,鈥� 鈥渁ssesses,鈥� 鈥渂elieves,鈥� 鈥渉opes,鈥� 鈥渆xpects,鈥� 鈥渁nticipates,鈥� 鈥渆stimates,鈥� 鈥減rojects,鈥� 鈥渋ntends,鈥� 鈥減lans,鈥� 鈥渨ill,鈥� 鈥渨ould,鈥� 鈥渟hould,鈥� 鈥渃ould,鈥� 鈥渕ay鈥� 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 (Nasdaq: EFTY) is a Cayman Islands holding company operating through its Hong Kong subsidiary,聽Etoiles Consultancy Limited. The firm provides integrated financial advisory, capital markets solutions, and initial public offering consulting services to corporate clients, supporting their growth in global markets.
Contacts
Company Inquiries:
Etoiles Capital Group Co., Ltd
Room 1109, 11/F, Tai Yau Building
181 Johnston Road, Wanchai, Hong Kong
[email protected]聽| +852 2398 8699
Underwriter Inquiries:
Prime Number Capital, LLC
27F, 12E 49th Street, New York, NY 10017
[email protected]聽| (347) 329-1575
FAQ
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