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Etoiles Capital Group Co., Ltd (EFTY) completed its initial public offering of 1.4 million Class A ordinary shares at $4.00 per share, according to a company statement. The Hong Kong-based financial services provider raised $5.6 million in gross proceeds before underwriting discounts and expenses.
The company’s shares began trading on the Nasdaq Capital Market on August 8, 2025. Underwriters received a 45-day option to purchase up to 210,000 additional shares at the offering price, less underwriting discounts.
The company stated it will use proceeds 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.
Etoiles Capital Group operates as a Cayman Islands holding company through its Hong Kong subsidiary, Etoiles Consultancy Limited. The firm provides financial advisory services, capital markets solutions, and initial public offering consulting to corporate clients.
The Securities and Exchange Commission declared the company’s Form F-1 registration statement effective on August 7, 2025, with file number 333-287302. Legal counsel included Loeb & Loeb LLP as U.S. counsel to the company, Ogier as Cayman Islands counsel, and Ye & Associates, P.C. as U.S. counsel to the underwriting syndicate.