Hong Kong brokerage Beta Financial Technology (BTFT.US) IPO priced at $4-6 per share with plans to raise $10 million.

Beta Financial Technology Holdings Limited (BTFT.US) is a securities distribution and other financial services provider based in Hong Kong. According to the latest news, the company submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission on Wednesday, planning to raise up to $10 million in funds. According to the application, Beta Financial Technology plans to issue 2 million shares of stock at a price range of $4 to $6 per share. Based on the midpoint of the proposed range, its market value is expected to reach $100 million. Beta Financial Technology offers a range of financial services in Hong Kong through its operating subsidiaries, including securities trading and brokerage services, margin loans, and IPO financing. The company was founded in 1990 and has generated $4 million in revenue over the past 12 months ending on December 31, 2024. Currently, the company has submitted an application for listing on Nasdaq, with the stock code set as BTFT. It is worth mentioning that Beta Financial Technology secretly submitted an IPO application to the U.S. Securities and Exchange Commission on December 13, 2024, with Guotai Junan Securities serving as the sole bookrunner for this IPO.