TOP Financial Group Ltd

TOP Financial Group Ltd (TOP) priced its initial public offering on Jun 1, 2022 at $5.00 per share, raising $25M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $175M. Ortoli Rosenstadt and Harneys advised the company and Hunter Taubman Fischer & Li advised the underwriters.

TOP Financial Group Ltd (Zhong Yang Financial Group in its 2022 IPO prospectus) is a Hong Kong-based online brokerage trading local and foreign equities, futures and options, earning mainly commission fees on futures transactions. A subsidiary, WIN100 TECH, provides fintech development and IT support.

Status

IPO

Ticker

TOP

Exchange

Nasdaq Capital Market

Priced

Jun 1, 2022

IPO price

$5.00

Raised

$25M

Market cap at IPO price

$175M

First filed

Sep 10, 2021

Company counsel

Ortoli Rosenstadt and Harneys

Underwriters' counsel

Hunter Taubman Fischer & Li

Sector

Financials

Country / state

TX

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