Galaxy Payroll Group Ltd

Galaxy Payroll Group Ltd (GLXG) priced its initial public offering on Sep 12, 2024 at $4.00 per share, raising $7M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $71M. Pryor Cashman, Forbes Hare and Han Kun advised the company and VCL Law advised the underwriters.

Galaxy Payroll Group Ltd is a Hong Kong-based provider of payroll outsourcing, employment and consultancy and market research services. Its customers include global human resources service providers and multinational companies that outsource payroll or employment functions.

Status

IPO

Ticker

GLXG

Exchange

Nasdaq Capital Market

Priced

Sep 12, 2024

IPO price

$4.00

Raised

$7M

Market cap at IPO price

$71M

First filed

Dec 28, 2022

Company counsel

Pryor Cashman, Forbes Hare and Han Kun

Underwriters' counsel

VCL Law

Sector

Business services

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