Waton Financial Ltd

Waton Financial Ltd (WTF) priced its initial public offering on Apr 2, 2025 at $4.00 per share, raising $17.5M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $190.3M. Hunter Taubman Fischer & Li, Carey Olsen, Global Law Office and Han Kun advised the company and Kaufman & Canoles advised the underwriters.

Waton Financial Ltd is a British Virgin Islands holding company providing securities brokerage and financial technology services through Hong Kong subsidiaries. They offer brokerage, margin financing and bond distribution through an electronic trading platform, plus trading software licensing to financial institutions.

Status

IPO

Ticker

WTF

Exchange

Nasdaq Capital Market

Priced

Apr 2, 2025

IPO price

$4.00

Raised

$17.5M

Market cap at IPO price

$190.3M

First filed

Nov 22, 2024

Company counsel

Hunter Taubman Fischer & Li, Carey Olsen, Global Law Office and Han Kun

Underwriters' counsel

Kaufman & Canoles

Sector

Financials

Country / state

Hong Kong

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