Etoiles Capital Group Co., Ltd (NASDAQ:EFTY), a Hong Kong-headquartered financial services firm, today priced its initial public offering (the "Offering") of 1,400,000 Class A ordinary shares at $4.00 per share. The Class A ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on August 8, 2025 under the ticker symbol "EFTY."
The Company expects to receive aggregate gross proceeds of US$5.6 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the 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. The Offering is expected to close on or about August 11, 2025, subject to the satisfaction of customary closing conditions.
Proceeds from the Offering will be used for business expansion, technology infrastructure, strategic marketing, and general corporate purposes.