Beta Financial Technology Company (BTFT.US) IPO priced at $4-6 per share, raising 88% increase in funding to $19 million.
Beta Financial Technology Company plans to issue 3.8 million shares at a price of $4 to $6 per share, raising $19 million.
Beta Fintech, a financial technology company, raised the proposed transaction size for its upcoming initial public offering (IPO) on Thursday. The Hong Kong-based company now plans to issue 3.8 million shares at a price of $4 to $6 per share, raising $19 million. The company had previously applied to issue 2 million shares at the same price range. With the revised transaction size midpoint, the amount raised will be 88% higher than previously expected. The company plans to list on NASDAQ with the stock code "BTFT".
Beta Fintech, through its operating subsidiary in Hong Kong, provides financial services including securities trading and brokerage services, margin loans and IPO financing, as well as Hong Kong IPO placement services.
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