Key Metrics
22.34
Heat Index-
Impact LevelMedium
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Scope LevelGlobal
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Last Update2025-08-11
Event Overview
The IPO represents a strategic move by a Hong Kong-based financial services provider to tap into international capital markets, illustrating the growing integration of regional firms into global financial systems. This event highlights the role of cross-border listings in enhancing corporate liquidity and investor diversification, while reflecting broader trends in globalized financial market participation and regulatory coordination.
Collect Records
Etoiles Capital Group Co., Ltd Completes $5.6 Million IPO on Nasdaq
Etoiles Capital Group Co., Ltd, a financial services provider based in Hong Kong, successfully completed its initial public offering (IPO) on August 8, 2025. The company offered 1,400,000 Class A Ordinary Shares at a price of US$4.00 per share, raising gross proceeds of US$5.6 million. The shares began trading on the Nasdaq Capital Market under the ticker symbol "EFTY".
Under the terms of the offering, underwriters have been granted a 45-day option to purchase an additional 210,000 shares. Prime Number Capital, LLC served as the lead underwriter for the transaction, which was conducted on a firm commitment basis. The U.S. Securities and Exchange Commission (SEC) declared the registration statement for the offering effective.
The company stated that the proceeds from the IPO will be used for business expansion, development of technology infrastructure, strategic marketing initiatives, and general corporate purposes.