Etoiles Capital Group Co., Ltd Announces Pricing of US$5.6 million Initial Public Offering
Etoiles Capital Group (Nasdaq: EFTY), a Hong Kong-based financial services firm, has announced the pricing of its initial public offering of 1,400,000 Class A ordinary shares at $4.00 per share. The company expects to raise gross proceeds of $5.6 million from the offering.
Trading is set to commence on August 8, 2025, on the Nasdaq Capital Market under the ticker symbol "EFTY". The underwriters have a 45-day option to purchase up to an additional 210,000 shares. The IPO is expected to close around August 11, 2025, with proceeds targeted for business expansion, technology infrastructure, strategic marketing, and general corporate purposes.
Etoiles Capital Group (Nasdaq: EFTY), una societ脿 di servizi finanziari con sede a Hong Kong, ha annunciato il prezzo della sua offerta pubblica iniziale di 1.400.000 azioni ordinarie di Classe A a 4,00 dollari per azione. La societ脿 prevede di raccogliere proventi lordi per 5,6 milioni di dollari dall'offerta.
Le negoziazioni inizieranno il 8 agosto 2025 sul Nasdaq Capital Market con il simbolo ticker "EFTY". Gli underwriter hanno un'opzione di 45 giorni per acquistare fino a ulteriori 210.000 azioni. L'IPO dovrebbe concludersi intorno all'11 agosto 2025, con i proventi destinati all'espansione aziendale, all'infrastruttura tecnologica, al marketing strategico e ad altre finalit脿 societarie generali.
Etoiles Capital Group (Nasdaq: EFTY), una firma de servicios financieros con sede en Hong Kong, ha anunciado el precio de su oferta p煤blica inicial de 1.400.000 acciones ordinarias Clase A a 4,00 d贸lares por acci贸n. La compa帽铆a espera recaudar ingresos brutos de 5,6 millones de d贸lares con la oferta.
El inicio de la cotizaci贸n est谩 previsto para el 8 de agosto de 2025 en el Nasdaq Capital Market bajo el s铆mbolo "EFTY". Los suscriptores cuentan con una opci贸n de 45 d铆as para comprar hasta 210.000 acciones adicionales. Se espera que la OPI se cierre alrededor del 11 de agosto de 2025, destinando los fondos a la expansi贸n del negocio, infraestructura tecnol贸gica, marketing estrat茅gico y prop贸sitos corporativos generales.
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Etoiles Capital Group (Nasdaq : EFTY), une soci茅t茅 de services financiers bas茅e 脿 Hong Kong, a annonc茅 le prix de son offre publique initiale de 1 400 000 actions ordinaires de classe A au prix de 4,00 $ par action. La soci茅t茅 pr茅voit de lever 5,6 millions de dollars de produit brut gr芒ce 脿 cette op茅ration.
La cotation d茅butera le 8 ao没t 2025 sur le Nasdaq Capital Market sous le symbole "EFTY". Les souscripteurs disposent d'une option de 45 jours pour acqu茅rir jusqu'脿 210 000 actions suppl茅mentaires. L'introduction en bourse devrait se cl么turer aux alentours du 11 ao没t 2025, les fonds 茅tant destin茅s 脿 l'expansion des activit茅s, 脿 l'infrastructure technologique, au marketing strat茅gique et 脿 des fins g茅n茅rales d'entreprise.
Etoiles Capital Group (Nasdaq: EFTY), ein in Hongkong ans盲ssiges Finanzdienstleistungsunternehmen, hat die Preisfestsetzung f眉r sein Initial Public Offering von 1.400.000 Stammaktien der Klasse A zu je 4,00 USD bekannt gegeben. Das Unternehmen erwartet einen Bruttoerl枚s von 5,6 Millionen USD aus dem Angebot.
Der Handel soll am 8. August 2025 am Nasdaq Capital Market unter dem Tickersymbol "EFTY" beginnen. Die Underwriter haben eine 45-t盲gige Option, bis zu 210.000 zus盲tzliche Aktien zu erwerben. Der B枚rsengang soll etwa am 11. August 2025 abgeschlossen werden, wobei die Erl枚se f眉r Gesch盲ftserweiterung, technologische Infrastruktur, strategisches Marketing und allgemeine Unternehmenszwecke verwendet werden sollen.
- IPO successfully priced at $4.00 per share with expected gross proceeds of $5.6 million
- Listing on Nasdaq Capital Market provides access to broader investor base
- Additional 210,000 shares option granted to underwriters could increase total proceeds
- Clear allocation plan for proceeds focusing on growth and infrastructure
- Relatively small IPO size of $5.6 million may limit growth potential
- Potential dilution if underwriters exercise their option for additional shares
Insights
Hong Kong-based Etoiles Capital raising modest $5.6M in Nasdaq IPO at $4 per share, signaling cautious market entry with potential liquidity challenges.
Etoiles Capital's
The offering structure includes a 45-day option for underwriters to purchase an additional 210,000 shares (
The company's stated use of proceeds - business expansion, technology infrastructure, and marketing - provides little specific direction on capital allocation priorities. This generic description offers minimal insight into Etoiles' strategic roadmap or competitive differentiation in the financial services sector.
The extremely small float creates potential for significant volatility once trading begins. With such limited liquidity, even modest trading interest could produce substantial price movements. This characteristic makes the stock potentially attractive to short-term traders but challenging for institutional investors requiring position sizing and exit capability.
Given Hong Kong's complex regulatory environment and the relatively small capital raise, investors should closely monitor how effectively Etoiles can deploy this capital while navigating compliance requirements across multiple jurisdictions. The modest size of this offering suggests either capital efficiency or potential need for additional funding rounds in the near future.
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 鈥淥ffering鈥�) of 1,400,000 Class A ordinary shares at
The Company expects to receive aggregate gross proceeds of US
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 聽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 , 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.
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 Co., Ltd (Nasdaq: EFTY) is a Cayman Islands holding company operating through its Hong Kong subsidiary,聽Etoiles Consultancy Limited. The Company provides comprehensive聽financial advisory, capital markets services, and integrated solutions鈥攊ncluding corporate financing, initial public offering consulting, and investor relations鈥攖o 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:聽
Underwriter Inquiries
Prime Number Capital, LLC
27F, 12E 49th Street, New York, NY 10017
Tel: (347) 329-1575 | Email:聽
FAQ
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