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HONG KONG - Etoiles Capital Group Co., Ltd (NASDAQ:EFTY), a Hong Kong-based financial services provider, announced today it has completed the sale of an additional 210,000 Class A ordinary shares following the full exercise of the underwriters’ over-allotment option. The company’s stock is currently trading near its 52-week high of $5.10, with the current price at $5.38.
The additional shares were sold at the IPO price of $4.00 per share, bringing the company’s total gross proceeds to $6.44 million. This includes the previously announced IPO proceeds of $5.6 million, before deducting underwriting discounts, commissions, and offering expenses.
According to the company’s press release statement, the funds will be allocated toward business expansion, technology infrastructure, strategic marketing, and general corporate purposes.
The offering was conducted on a firm commitment basis with Prime Number Capital, LLC serving as the representative underwriter and sole book-runner.
Etoiles Capital Group, which operates through its Hong Kong subsidiary Etoiles Consultancy Limited, provides integrated financial advisory, capital markets solutions, and initial public offering consulting services to corporate clients.
The company’s registration statement on Form F-1 related to the offering was declared effective by the U.S. Securities and Exchange Commission on August 7, 2025.
In other recent news, Etoiles Capital Group Co., Ltd, a financial services provider based in Hong Kong, successfully completed its initial public offering on Nasdaq. The IPO raised $5.6 million in gross proceeds. The company sold 1.4 million Class A Ordinary Shares at a price of $4.00 per share. Etoiles has also provided underwriters with a 45-day option to purchase up to an additional 210,000 shares at the public offering price, minus underwriting discounts. These developments mark a significant milestone for Etoiles as it enters the public market. The capital raised is expected to support the company’s future endeavors and growth strategies. Investors will be watching closely to see how the company utilizes the funds from this offering.
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