Plutus Financial Group, a Hong Kong-based provider of securities and asset management services, raised $8 million by offering 2.1 million shares at $4, the low end of the range of $4 to $6.
Plutus Group provides financial services through its primary Hong Kong operating subsidiaries, Plutus Securities and Plutus Asset Management. As a licensed Hong Kong securities broker, Plutus Securities provides a range of services, including securities dealings and brokerage services, margin financing services, and underwriting and placing services. Plutus Asset Management mainly offers asset management services and investment advisory services.
Plutus Financial Group plans to list on the Nasdaq under the symbol PLUT. R.F. Lafferty & Co. and Revere Securities acted as joint bookrunners on the deal.
