Etoiles Capital Group completes IPO, raises $5.6 million at $4 per share.

Etoiles Capital Group has closed its initial public offering (IPO) of 1,400,000 Class A Ordinary Shares at $4.00 per share, raising $5.6 million in gross proceeds. The funds will be used for business expansion, technology infrastructure, strategic marketing, and general corporate purposes. The shares began trading on the Nasdaq Capital Market under the ticker symbol "EFTY".

Etoiles Capital Group Co., Ltd. (EFTY) has successfully closed its initial public offering (IPO) of 1,400,000 Class A ordinary shares at $4.00 per share, raising $5.6 million in gross proceeds [1]. The Hong Kong-based financial services firm, which operates through its subsidiary Etoiles Consultancy Limited, will use the funds for business expansion, technology infrastructure, strategic marketing, and general corporate purposes.

The Class A ordinary shares, which received approval for listing on the Nasdaq Capital Market, began trading on August 8, 2025, under the ticker symbol "EFTY" [1]. The offering closed around August 11, 2025, subject to customary closing conditions. Prime Number Capital, LLC served as the representative underwriter and sole book-runner for the offering [1].

Etoiles Capital 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 [1]. The company's registration statement on Form F-1 relating to the offering was filed with the U.S. Securities and Exchange Commission and declared effective on August 7, 2025 [1].

Legal counsel for the transaction included Loeb & Loeb LLP as U.S. counsel to the company, Ogier as Cayman Islands counsel to the company, and Ye & Associates, P.C. as U.S. counsel to the underwriting syndicate [1].

References:
[1] https://www.investing.com/news/stock-market-news/etoiles-capital-prices-56-million-ipo-at-4-per-share-432SI-4178673