HONG KONG, Feb. 6, 2025 — Plutus Financial Group Limited (“the Company”) (NasdaqCM: PLUT), a Hong Kong-based financial services firm, today announced the completion of its initial public offering (the “Offering”). The Offering involved 2,100,000 ordinary shares sold at $4 per share, generating gross proceeds of $8.4 million before accounting for underwriting discounts and expenses. This offering was undertaken on a firm commitment basis and commenced trading on the Nasdaq Capital Market under the symbol “PLUT” on February 5, 2025.

The underwriter holds an option, exercisable within 45 days of the underwriting agreement, to purchase up to an additional 315,000 ordinary shares at the public offering price, less underwriting discounts and expenses.

R.F. Lafferty & Co., Inc. served as the lead underwriter, with Revere Securities LLC as co-underwriter. Legal counsel for the Company was provided by The Crone Law Group, P.C., while Sichenzia Ross Ference Carmel LLP acted as lead counsel for the underwriters.

The Company previously filed a registration statement (Form F-1, File No. 333-276791) with the Securities and Exchange Commission (the “SEC”), which was declared effective on February 4, 2025. The Offering was conducted solely through a prospectus included in the registration statement. This final prospectus is available on the SEC website at [website address omitted]. Copies can also be obtained from R.F. Lafferty & Co., Inc., 40 Wall Street, 27th Floor, New York, NY 10005, or by calling (212) 293-9090.

Before investing, review the final prospectus and other SEC filings for complete information. This press release is not an offer to sell or a solicitation of an offer to buy securities. Sales are prohibited where such offers, solicitations, or sales are unlawful before registration or qualification under applicable securities laws.

About Plutus Financial Group Limited

Plutus Financial Group Limited is a Hong Kong-based financial services holding company operating through two wholly-owned subsidiaries: Plutus Securities Limited (“Plutus Securities”) and Plutus Asset Management Limited (“Plutus Asset Management”). Plutus Securities, a securities broker licensed by the Securities and Futures Commission of Hong Kong (the “SFC”) and a Hong Kong stock exchange participant, offers brokerage services, margin financing, securities custody, and nominee services. These services include:

  • Online, mobile app, and phone-based Hong Kong stock trading
  • Margin financing;
  • Secure securities custody and nominee services;
  • Access to debt capital markets; and
  • Equity capital markets services for issuers, including IPO underwriting, and marketing and distribution of lead-managed and co-managed offerings.

Plutus Asset Management, an SFC-licensed wealth management firm, provides:

  • Professional funds management;
  • Discretionary accounts tailored to individual risk profiles and investment preferences;
  • Investment consulting and advisory services for third-party managed funds; and
  • Investment funds, including real estate, fixed income, private equity, and hedge funds.

For more information, visit the Company’s website at [website address omitted].

Forward-Looking Statements

Statements in this announcement that are not historical facts are forward-looking statements, including statements about the Company’s offering. These statements involve risks and uncertainties and are based on current expectations and projections. Words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” and similar expressions identify forward-looking statements. The Company is not obligated to update forward-looking statements except as required by law. While the Company believes these statements are reasonable, actual results may differ materially. Investors should review the Company’s registration statement and other SEC filings.

For more information, please contact:

Investor Relations:
Plutus Financial Group Limited
Attn: Jeff Yeung