Plutus Financial Group Limited prices IPO at $4 per share totaling $8.4 million

From GlobeNewswire: 2025-02-05 06:30:00

Plutus Financial Group Limited, a Hong Kong-based financial services company, announced the pricing of its initial public offering of 2,100,000 ordinary shares at $4 per share, totaling $8.4 million before expenses. The offering is on a firm commitment basis and expected to close on February 6, 2025. The company plans to use the proceeds for software development, funding trading facilities, and expanding customer management teams. R.F. Lafferty & Co., Inc. is the lead underwriter, with Revere Securities LLC as co-underwriter. The Offering is made under a registration statement declared effective by the SEC on February 4, 2025.

Plutus Financial Group Limited operates through subsidiaries, Plutus Securities Limited and Plutus Asset Management Limited, providing securities dealing, brokerage, wealth management, and advisory services in Hong Kong. Plutus Securities offers stock trading, margin financing, securities custody, and debt and equity capital market access. Plutus Asset Management provides funds management, discretionary accounts, investment consulting, and various investment funds. Forward-looking statements were made regarding the Company’s proposed Offering, subject to risks and uncertainties. For more information, visit their website.



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