Hong Kong securities brokerage company Huatong Financial (WTF.US) IPO price is set at 4-6 US dollars per share, aiming to raise 25 million US dollars.

Securities brokerage and financial services company Huatong Financial (WTF.US), headquartered in Hong Kong, has announced the terms of its IPO. The company plans to issue 5 million shares at a price of $4 to $6 per share, raising $25 million. Based on the midpoint of the proposed offering price range, Huatong Financial's market value will reach $241 million. Huatong Financial primarily provides securities brokerage and financial technology services through its Hong Kong subsidiaries, Huatong Securities International (WSI) and Huatong Technology International (WTI). WSI focuses on providing brokerage services for securities listed on the Hong Kong Stock Exchange, as well as software licensing and related support. Meanwhile, WTI has been focusing on providing software licensing and related support services since September 2023, leveraging its expertise in operations and service areas to create value for clients. Founded in 1989, Huatong Financial had revenue of $11 million in the 12 months ending September 30, 2024. The company plans to list on the Nasdaq with the stock code "WTF". Guotai Securities is the sole bookrunner for this transaction.