PWM News

There was one pricing this past week, although it did not meet the criteria for our IPO stats. Two small IPOs and two SPACs submitted initial filings. While not included in our stats, Hong Kong-based wealth manager Prestige Wealth (PWM) raised $5 million at a $45 million market cap. The company provides wealth management and asset management services primarily to...read more

Prestige Wealth, a Hong Kong-based wealth and asset management services provider, raised $5 million by offering 1 million shares at $5, the low end of the range of $5 to $6. At pricing, the company commands a market value of $45 million. ...read more

Prestige Wealth, a Hong Kong-based wealth and asset management services provider, lowered the proposed deal size for its upcoming IPO on Friday. In its latest filing, the company also replaced sole bookrunner Network 1 Financial Securities with Revere Securities. The Hong Kong-based company now plans to raise $6 million by offering 1 million shares at a price range of $5 to $6. The...read more

Prestige Wealth, a Hong Kong-based wealth and asset management services provider, lowered the proposed deal size for its upcoming IPO on Friday. The company now plans to raise $9 million by offering 2 million shares at a price range of $4 to $5. It had previously filed to offer 2.5 million shares at a range of $5.50 to $6.50. At the midpoint of the revised range, Prestige Wealth...read more