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Etoiles Capital Group Co., Ltd (EFTY) priced 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-headquartered financial services firm expects to receive gross proceeds of $5.6 million before deducting underwriting discounts and expenses.
The Class A ordinary shares began trading on the Nasdaq Capital Market on August 8, 2025, under the ticker symbol "EFTY." The offering is expected to close on or about August 11, 2025, subject to customary closing conditions.
The company granted underwriters a 45-day option to purchase up to an additional 210,000 Class A ordinary shares at the public offering price, less underwriting discounts. Prime Number Capital, LLC served as the representative underwriter and sole book-runner for the offering.
Etoiles Capital stated it plans to use proceeds from the offering for business expansion, technology infrastructure, strategic marketing, and general corporate purposes. The company operates as a Cayman Islands holding company through its Hong Kong subsidiary, Etoiles Consultancy Limited.
The firm provides financial advisory and capital markets services, including corporate financing, initial public offering consulting, and investor relations services to clients in global capital markets.
The U.S. Securities and Exchange Commission declared the company’s registration statement on Form F-1 effective on August 7, 2025. Loeb & Loeb LLP acted as U.S. counsel to the company, while Ogier served as Cayman Islands counsel and Ye & Associates, P.C. acted as U.S. counsel to the underwriting syndicate.