Plutus Financial Group Limited Announces Exercise of Underwriter’s Over-Allotment Option
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2025
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Source: Globenewswire
IPO and Additional Shares: Plutus Financial Group Limited announced that R.F. Lafferty & Co., Inc. exercised an over-allotment option, purchasing an additional 150,000 shares at $4.00 each, raising a total of $9 million from its IPO.
Company Overview: Plutus Financial Group operates through two subsidiaries, providing a range of financial services including securities brokerage, wealth management, and investment consulting, while being licensed by the Securities and Futures Commission of Hong Kong.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
