Waton Financial Limited Announces IPO Price
HONG KONG, April 01, 2025 — Waton Financial Limited (“WTF” or the “Company”), a holding company incorporated in the British Virgin Islands offering securities brokerage and financial technology services mainly through its Hong Kong-based subsidiaries, Waton Securities International Limited and Waton Technology International Limited, has announced the pricing of its initial public offering of 4,375,000 ordinary shares, with no par value per share (the “Ordinary Shares”), at a public offering price of $4.00 each (the “Offering”).
The Company has also granted the Offering’s underwriters an option to purchase up to 656,250 additional Ordinary Shares at the initial public offering price (the “Over-allotment”), less underwriting discounts and commissions, exercisable for 45 days. WTF anticipates gross proceeds of approximately $17,500,000 from the Offering, assuming the Over-allotment option is not exercised, before deducting underwriting discounts, commissions, and estimated offering expenses payable by WTF.
The Ordinary Shares are expected to commence trading on the Nasdaq Capital Market under the ticker symbol “WTF” on April 1, 2025. The Offering is expected to conclude on April 2, 2025, pending standard closing conditions.
The Offering is being conducted on a firm commitment basis. CATHAY SECURITIES, INC. is the representative of the underwriters for the offering, with Dominari Securities LLC serving as co-underwriter (collectively, the “Underwriters”). Carey Olsen Singapore LLP, Han Kun Law Offices LLP, and Hunter Taubman Fischer & Li LLC are serving as British Virgin Islands legal counsel, Hong Kong legal advisers, and U.S. securities counsel, respectively, to the Company. Kaufman & Canoles, P.C. is serving as U.S. securities counsel to the Underwriters for the Offering.
The Offering is being made according to the Company’s Registration Statement on Form F-1 (File No. 333-283424) previously filed with the U.S. Securities and Exchange Commission (“SEC”) and declared effective on March 31, 2025. The Offering is being made only through a prospectus. Before investing, investors should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. These documents are available for free on the SEC’s EDGAR website at . Electronic copies of the prospectus relating to the Offering may also be obtained from CATHAY SECURITIES, INC. at 40 Wall Street, Suite 3600, New York, NY 10005, or by calling +1 (855) 939-3888.
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities. No sale of these securities may occur in any state or jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” as defined in federal securities laws. These statements include, but are not limited to, statements about plans, objectives, goals, strategies, future events or performance, underlying assumptions, and other statements that are not statements of historical fact. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy, and financial needs, including the expectation that the Offering will be successfully completed. Investors can often identify these statements by the use of words such as “believe,” “plan,” “expect,” “intend,” “should,” “seek,” “estimate,” “will,” “aim,” and “anticipate,” or similar expressions. The Company is not obligated to update or revise any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law. While the Company believes its expectations are reasonable, it cannot guarantee their accuracy and cautions investors that actual results may differ materially from anticipated results. Investors are encouraged to review other factors that may affect the Company’s future results in its registration statement and other filings with the SEC.
About Waton Financial Limited (“Waton”)
Waton Financial Limited is a holding company incorporated in the British Virgin Islands. Its operations are primarily conducted through its wholly-owned Hong Kong subsidiaries, Waton Securities International Limited and Waton Technology International Limited. Waton offers a range of financial services, including securities brokerage, asset management, and software licensing and other support services, serving a diverse range of retail and institutional investors. Waton leverages technology and a client-focused approach to provide innovative and reliable financial solutions.
For further information, please contact:
Waton Financial Limited
Investor Relations Department
Email:
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