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Waton Financial Limited Announces Pricing of Initial Public Offering

HONG KONG, April 01, 2025 (GLOBE NEWSWIRE) -- Waton Financial Limited ("WTF" or the "Company"), a British Virgin Islands-incorporated holding company that provides of securities brokerage and financial technology services primarily through its Hong Kong subsidiaries, Waton Securities International Limited and Waton Technology International Limited, today announced the pricing of its initial public offering of an aggregate of 4,375,000 ordinary shares, no par value per share (the "Ordinary Shares"), at a public offering price of $4.00 per share (the "Offering").

In addition, the Company has granted the underwriters of the Offering a 45-day option to purchase up to an additional 656,250 Ordinary Shares at the initial public offering price (the "Over-allotment"), less underwriting discounts and commissions. The gross proceeds to WTF from the Offering (assuming that the Over-allotment is not exercised), before deducting underwriting discounts and commissions and estimated offering expenses payable by WTF, is expected to be approximately $17,500,000.

The Ordinary Shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "WTF" on April 1, 2025. The Offering is expected to close on April 2, 2025, subject to customary closing conditions.

The Offering is conducted on a firm commitment basis. CATHAY SECURITIES, INC. is acting as representative of the underwriters for the offering, with Dominari Securities LLC acting as co-underwriter (collectively, the "Underwriters"). Carey Olsen Singapore LLP, Han Kun Law Offices LLP and Hunter Taubman Fischer & Li LLC are acting as British Virgin Islands ...

https://www.benzinga.com/pressreleases/25/04/g44588114/waton-financial-limited-announces-pricing-of-initial-public-offering