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IPO · PWM

Aurelion Inc.

Formerly Prestige Wealth Inc.

Aurelion Inc. (PWM) priced its initial public offering on Jul 7, 2023 at $5.00 per share, raising $5M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $45M. Hunter Taubman Fischer & Li, Conyers Dill & Pearman and Han Kun advised the company and Loeb & Loeb advised the underwriters.

Aurelion Inc., through its subsidiaries based mainly in Hong Kong, provides wealth management and asset management services. Its clients are primarily high net worth and ultra-high net worth individuals in Asia, most of them in mainland China or Hong Kong.

Status
IPO
Ticker
PWM
Exchange
Nasdaq Capital Market
Priced
Jul 7, 2023
IPO price
$5.00
Raised
$5M
Market cap at IPO price
$45M
First filed
Oct 25, 2022
Company counsel
Hunter Taubman Fischer & Li, Conyers Dill & Pearman and Han Kun
Underwriters' counsel
Loeb & Loeb
Sector
Financials

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.

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Filings

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