Research analysts covering Platinum Analytics Cayman.
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Platinum Analytics Cayman Ltd Announces Pricing of Initial Public Offering
PLTS
New Projects/Investments
- Platinum Analytics Cayman Limited (PLTS) announced the pricing of its initial public offering (IPO) of 2,000,000 Class A ordinary shares at $4.00 per share, generating $8,000,000 in gross proceeds before deducting underwriting discounts and offering expenses.
- The company's Ordinary Shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on September 19, 2025, under the ticker symbol "PLTS".
- The underwriters have been granted an option to purchase up to an additional 300,000 Ordinary Shares within 45 days from the closing date to cover any over-allotment.
- The offering is expected to close on September 22, 2025, with net proceeds intended for research and development (approximately 40%), expansion of its marketing and sales team (approximately 30%), and procurement of IT facilities and financial licenses (approximately 30%).
Sep 23, 2025, 8:10 PM
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