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Etoiles Capital Group Co., Ltd (EFTY) announced the closing of its underwriters’ over-allotment option in connection with its initial public offering. The Hong Kong-based financial services provider sold an additional 210,000 Class A ordinary shares at $4.00 per share, less underwriting discounts.
The over-allotment exercise brought total gross proceeds from the offering to $6,440,000, including the previously announced IPO gross proceeds of $5,600,000, before deducting underwriting discounts and offering expenses. The company stated proceeds will be used for business expansion, technology infrastructure, strategic marketing, and general corporate purposes.
Prime Number Capital, LLC served as the representative underwriter and sole book-runner for the offering, which was conducted on a firm commitment basis. The Securities and Exchange Commission declared the company’s Form F-1 registration statement effective on August 7, 2025.
Etoiles Capital Group operates as a Cayman Islands holding company through its Hong Kong subsidiary, Etoiles Consultancy Limited. The firm provides financial advisory, capital markets solutions, and IPO consulting services to corporate clients.