Stock Track | Plutus Financial Group Soars 7.5% After-Hours on Successful $8.4 Million IPO Debut

Stock Track

Feb 06, 2025

Plutus Financial Group (PLUT) shares surged 7.5% in the after-hours trading session on Wednesday, following a successful initial public offering (IPO) debut on the Nasdaq. The Hong Kong-based financial services company priced its IPO at $4 per share, raising $8.4 million in gross proceeds.

The strong stock performance came after PLUT offered 2.1 million shares in the IPO, with an option for underwriters to purchase an additional 315,000 shares. The company plans to utilize the IPO funds to fuel its growth initiatives, including the development of tailored software and applications for various aspects of its business, such as customer services, trading, wealth management, and portfolio construction and monitoring.

Furthermore, PLUT aims to increase its available funding for offering trading facilities solutions to customers, including margin trading and IPO margin financing. The company also intends to expand its customer management and wealth management teams to better serve its client base. Investors appear optimistic about PLUT's prospects, driving the stock higher in its first day of public trading.

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The Hong Kong-based financial services company priced its IPO at $4 per share, raising $8.4 million in gross proceeds.</p>\n\n<p>The strong stock performance came after PLUT offered 2.1 million shares in the IPO, with an option for underwriters to purchase an additional 315,000 shares. The company plans to utilize the IPO funds to fuel its growth initiatives, including the development of tailored software and applications for various aspects of its business, such as customer services, trading, wealth management, and portfolio construction and monitoring.</p>\n\n<p>Furthermore, PLUT aims to increase its available funding for offering trading facilities solutions to customers, including margin trading and IPO margin financing. The company also intends to expand its customer management and wealth management teams to better serve its client base. Investors appear optimistic about PLUT's prospects, driving the stock higher in its first day of public trading.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLUT","symbol_name":"贝德斯金融","start_time":0,"source_url":"","article_id":"1191318680","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1191318680","pubTimestamp":1738793079,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Plutus Financial Group  shares surged 7.5% in the after-hours trading session on Wednesday, following a successful initial public offering  debut on the Nasdaq. 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