BUUU Group Limited Announces Partial Exercise of Underwriter’s Over-Allotment Option

Rhea-AI Summary

BUUU Group Limited (NASDAQ: BUUU), a Hong Kong-based MICE solutions provider, announced that underwriters have partially exercised their over-allotment option to purchase an additional 175,000 Class A ordinary shares at $4.00 per share, generating additional gross proceeds of $700,000.

This brings the total gross proceeds from the IPO to $6.7 million before deducting underwriting discounts and expenses. The company's shares began trading on the Nasdaq Capital Market on August 14, 2025. The funds will be used for brand enhancement, marketing initiatives, service expansion, technology integration, market expansion into the U.S. and Southeast Asia, and general corporate purposes.

Positive

• None.

Negative

• Only partial exercise of over-allotment option indicates limited additional investor demand
• Significant expenses expected for underwriting discounts and related costs

Insights

IPO Financial Analyst

BUUU's underwriter partially exercised over-allotment option, adding $700K to its IPO proceeds for a total of $6.7M gross.

BUUU Group Limited's underwriters have partially exercised their over-allotment option, purchasing an additional 175,000 Class A ordinary shares at the $4.00 IPO price. This transaction generated $700,000 in additional gross proceeds, bringing the total IPO raise to $6.7 million before deducting underwriting discounts and related expenses.

The partial exercise, rather than full exercise, of the over-allotment option provides some insights into post-IPO demand for BUUU shares. Typically, underwriters exercise these options (also known as greenshoe options) when there's strong demand exceeding the initial offering. The partial nature suggests moderate but not overwhelming post-IPO interest.

BUUU, which began trading on the Nasdaq Capital Market on August 14, 2025, plans to use these proceeds strategically to enhance brand recognition, strengthen marketing, expand service offerings, integrate advanced technologies, and fund geographic expansion into U.S. and Southeast Asian markets.

For a MICE (meetings, incentives, conferences and exhibitions) solutions provider, this capital infusion, while modest in size, provides runway for the company's stated expansion plans. The $6.7 million total raise represents an important milestone for this Hong Kong-based company as it seeks to establish itself in the public markets and pursue growth beyond its home region.

Hong Kong, Sept. 03, 2025 (GLOBE NEWSWIRE) -- BUUU Group Limited (Nasdaq: BUUU) (the “Company”), an established  meetings, incentives, conferences and exhibitions (“MICE”) solutions provider based in Hong Kong , today announced the partial exercise of the over-allotment option (the “Over-Allotment”) by the underwriter (the “Underwriter”) of its initial public offering (the “Offering”) to purchase an additional 175,000 Class A ordinary shares (the “Class A Ordinary Shares”) of the Company at the public offering price of US$4.00 per share and the closing of such issuance.

The Class A Ordinary Shares commenced trading on the Nasdaq Capital Market on August 14, 2025, under the symbol “BUUU.”

The Company received aggregate gross proceeds of US$700,000 from this Over-Allotment closing, and the aggregate gross proceeds from the Offering increased to US$6.7 million, before deducting underwriting discounts and other related expenses.

The Company intends to use the net proceeds for enhancing its brand recognition, strengthening its marketing initiatives, expanding service offerings, integrating advanced technologies to its operations, expansion into the U.S. and Southeast Asia markets, and general corporate purposes.

The Offering was conducted on a firm commitment basis. Dominari Securities LLC acted as the representative of the underwriters, with Revere Securities LLC and Pacific Century Securities LLC acting as the co-underwriters (collectively, the “Underwriters”) for the Offering. Ortoli Rosenstadt LLP, Ogier, David Fong & Co. acted as United States, British Virgin Islands, and Hong Kong legal counsels to the Company, respectively. Onestop Assurance PAC acted as the reporting accountants of the Company. Sichenzia Ross Ference Carmel LLP acted as legal counsel to the Underwriters for the Offering.

The Offering was conducted pursuant to the Company’s Registration Statement on Form F-1 (File No. 333-286203) previously filed with, and subsequently declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on August 13, 2025. A final prospectus describing the terms of the Offering was filed with the SEC on August 14, 2025, and is available on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus relating to the Offering may be obtained, when available, from Dominari Securities LLC by email at info@dominarisecurities.com, by standard mail to Dominari Securities LLC, 725 Fifth Avenue, 23rd Floor New York, NY 10022, or by telephone at (212) 393-4500; or from Revere Securities LLC by email at contact@reveresecurities.com, by standard mail to Revere Securities LLC, 560 Lexington Avenue, 16th Floor, New York, NY 10022, or by telephone at +1 (212) 688-2350; or from Pacific Century Securities LLC by email at project@pcsecurities.us, by standard mail to Pacific Century Securities, LLC, 60-20 Woodside Avenue Ste 211 Queens, NY 11377, or by telephone at 212-970-8868.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About BUUU Group Limited

Headquartered in Hong Kong, we have grown into a premier MICE solutions provider. Our comprehensive MICE solutions portfolio is designed to meet the diverse needs of our clients, spanning across two core areas – event management and stage production. Our diverse clientele includes public institutions, marketing and public relations firms, real estate corporations, and various established brands. We are committed to craft innovative and high-quality experiences that meet our clients’ unique specifications and drive their success.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company’s statements regarding its intended use of proceeds from the sale of Company’s Class A Ordinary Shares in the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. 

Contacts

BUUU Group Limited
Investor Relations
Email: ir@buuugroup.com

FAQ

What was the IPO price for BUUU Group Limited (NASDAQ: BUUU) shares?

BUUU Group Limited's IPO price was $4.00 per Class A ordinary share.

How much did BUUU Group raise from the over-allotment option exercise?

BUUU Group raised $700,000 in additional gross proceeds from the partial exercise of the over-allotment option.

What are BUUU Group's plans for the IPO proceeds?

BUUU Group plans to use the proceeds for brand recognition enhancement, marketing initiatives, service expansion, technology integration, U.S. and Southeast Asia market expansion, and general corporate purposes.

When did BUUU Group Limited start trading on NASDAQ?

BUUU Group Limited began trading on the Nasdaq Capital Market on August 14, 2025 under the symbol BUUU.

What is BUUU Group's main business?

BUUU Group is an established meetings, incentives, conferences and exhibitions (MICE) solutions provider based in Hong Kong.