MBMC Breaking News: Hong Kong-funded securities firm Plutus Finance (Bedes Finance) has successfully listed on the NASDAQ, with a current market value exceeding 58 million U.S. dollars. Hong Kong company listed in the United States.
Recently, Hong Kong-based financial company Plutus Financial Group Ltd (hereinafter referred to as Plutus Finance) has successfully listed on the NASDAQ in the United States, with its stock ticker being PLUT. It filed its prospectus confidentially with the SEC on July 19, 2022, and publicly disclosed the prospectus on January 31, 2024.
Plutus Finance offered 2.1 million shares at $4.00 per share, raising $8.4 million.
Link to Plutus Finance’s prospectus: https://www.sec.gov/Archives/edgar/data/1933021/000149315225005069/form424b4.htm
Plutus Finance, a Hong Kong-based financial services holding company, mainly provides financial services through its two wholly-owned subsidiaries, Plutus Securities Limited and Plutus Asset Management Limited.
As a securities broker holding a license from the Hong Kong Securities and Futures Commission (SFC) and a participant of the Hong Kong Stock Exchange, Plutus Securities offers high-quality securities trading and brokerage, margin financing, securities custody and agency services. As a licensed securities broker, Plutus Securities provides a range of financial services, including: Hong Kong securities trading margin financing via the internet, mobile applications and customer hotlines; securities custody and agency services; providing safe, reliable settlement and delivery procedures; access to the debt capital markets; and equity capital market services for issuers; underwriting services for IPOs and other equity placements; as well as marketing for lead managers and co-managers of issuance products,
As a SFC-licensed financial advisory firm, Plutus Asset Management primarily provides wealth management services, including: professional fund management; formulating discretionary account strategies based on clients' individual risk tolerance and investment preferences; providing investment consulting and advisory services for funds managed by other companies; and fund investment services covering real estate funds, fixed income funds, private equity funds and hedge funds.
As of Friday's close, Plutus Finance (PLUT) closed at $4.15 per share, with a current market capitalization of approximately $58.515 million.
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Meishun Meiyin (Hangzhou) Consulting Management Co., Ltd. is a domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same actual controller. Both companies are under the same actual controller, and both are managed under the same Chinese management framework, complying with the laws of Hong Kong and mainland China.
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