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HONG KONG - Bluemount Holdings Limited (NASDAQ:BMHL) announced Wednesday that underwriters of its initial public offering have partially exercised their over-allotment option to purchase an additional 140,000 Class B Ordinary Shares at $4.00 per share, generating additional gross proceeds of $560,000. The stock currently trades at $4.18, with InvestingPro data indicating the shares are trading at elevated multiples.
Following this partial exercise, the total shares sold in the offering increased to 1,515,000 Class B Ordinary Shares, with total gross proceeds rising to $6,060,000 before deducting underwriting discounts and other expenses. The over-allotment closing took place on Wednesday.
The Hong Kong-based consulting, advisory and financial services provider, which also trades luxury timepieces, began trading on the Nasdaq Capital Market on July 11, 2025, under the symbol "BMHL."
Dominari Securities LLC served as the representative of the underwriters, with Pacific Century Securities, LLC and Revere Securities LLC acting as co-underwriters.
The offering was conducted pursuant to the company’s registration statement on Form F-1 filed with the Securities and Exchange Commission, which was declared effective on June 30, 2025.
Bluemount Holdings provides consulting and advisory services on business development strategies, financial services including underwriting and securities dealing, and operates a subsidiary dedicated to trading luxury branded timepieces.
This information is based on a press release statement from the company.
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