FAST TRACK GROUP Announces Closing of $15 Million Initial Public Offering
Fast Track Group (NASDAQ: FTRK), an entertainment-focused event management and celebrity agency company, has successfully completed its Initial Public Offering (IPO) on the Nasdaq Capital Market. The company sold 3,750,000 ordinary shares at $4.00 per share, raising gross proceeds of approximately $15 million before deducting underwriting discounts and other expenses.
Trading began on May 23, 2025, under the symbol "FTRK". The company has granted underwriters a 45-day option to purchase up to an additional 562,500 shares at the public offering price. Alexander Capital served as the lead book-running manager, with Network 1 Financial Securities as co-underwriter.
Fast Track Group (NASDAQ: FTRK), un'azienda specializzata nella gestione di eventi di intrattenimento e agenzia per celebrità, ha completato con successo la sua Offerta Pubblica Iniziale (IPO) sul Nasdaq Capital Market. La società ha venduto 3.750.000 azioni ordinarie a 4,00 $ per azione, raccogliendo proventi lordi di circa 15 milioni di dollari prima di detrarre sconti di sottoscrizione e altre spese.
Le negoziazioni sono iniziate il 23 maggio 2025, con il simbolo "FTRK". La società ha concesso agli underwriter un'opzione di 45 giorni per acquistare fino a ulteriori 562.500 azioni al prezzo dell'offerta pubblica. Alexander Capital ha agito come lead book-running manager, mentre Network 1 Financial Securities ha svolto il ruolo di co-underwriter.
Fast Track Group (NASDAQ: FTRK), una empresa especializada en la gestión de eventos de entretenimiento y agencia de celebridades, ha completado con éxito su Oferta Pública Inicial (OPI) en el Nasdaq Capital Market. La compañía vendió 3.750.000 acciones ordinarias a 4,00 $ por acción, recaudando ingresos brutos de aproximadamente 15 millones de dólares antes de deducir descuentos de suscripción y otros gastos.
Las operaciones comenzaron el 23 de mayo de 2025, bajo el símbolo "FTRK". La empresa otorgó a los suscriptores una opción de 45 días para comprar hasta 562.500 acciones adicionales al precio de la oferta pública. Alexander Capital actuó como gerente principal del libro de órdenes, con Network 1 Financial Securities como co-suscriptor.
Fast Track Group (NASDAQ: FTRK)는 엔터테인먼트 중심의 이벤트 관리 및 셀러브리티 에이전시 회사로, 나스닥 캐피털 마켓에서 기업공개(IPO)를 성공적으로 완료했습니다. 회사는 3,750,000 보통주를 주당 4.00달러에 판매하여 인수 수수료 및 기타 비용을 공제하기 전 약 1,500만 달러의 총 수익을 올렸습니다.
거래는 2025년 5월 23일 "FTRK"라는 심볼로 시작되었습니다. 회사는 인수인들에게 45일간 추가로 최대 562,500주를 공모가로 구매할 수 있는 옵션을 부여했습니다. Alexander Capital이 주간사 역할을 맡았으며, Network 1 Financial Securities가 공동 인수인으로 참여했습니다.
Fast Track Group (NASDAQ : FTRK), une entreprise spécialisée dans la gestion d'événements de divertissement et agence de célébrités, a réussi son offre publique initiale (IPO) sur le Nasdaq Capital Market. La société a vendu 3 750 000 actions ordinaires au prix de 4,00 $ par action, levant ainsi un produit brut d'environ 15 millions de dollars avant déduction des remises de souscription et autres frais.
Les échanges ont débuté le 23 mai 2025 sous le symbole « FTRK ». La société a accordé aux souscripteurs une option de 45 jours pour acheter jusqu'à 562 500 actions supplémentaires au prix de l'offre publique. Alexander Capital a agi en tant que chef de file du syndicat, avec Network 1 Financial Securities en tant que co-souscripteur.
Fast Track Group (NASDAQ: FTRK), ein auf Entertainment fokussiertes Eventmanagement- und Promi-Agenturunternehmen, hat erfolgreich seinen börslichen Erstverkauf (IPO) am Nasdaq Capital Market abgeschlossen. Das Unternehmen verkaufte 3.750.000 Stammaktien zu je 4,00 $ pro Aktie und erzielte damit Bruttoerlöse von etwa 15 Millionen US-Dollar vor Abzug von Underwriting-Rabatten und sonstigen Kosten.
Der Handel begann am 23. Mai 2025 unter dem Symbol „FTRK“. Das Unternehmen gewährte den Underwritern eine 45-tägige Option, bis zu 562.500 zusätzliche Aktien zum öffentlichen Angebotspreis zu erwerben. Alexander Capital fungierte als Hauptbuchführer, Network 1 Financial Securities als Co-Underwriter.
- Successful IPO raising $15 million in gross proceeds
- Listing on major exchange (Nasdaq Capital Market)
- Additional potential proceeds through 45-day overallotment option of 562,500 shares
- Relatively small IPO size indicates limited initial capital raise
- Potential dilution from overallotment option if exercised
Insights
Fast Track Group successfully completed its $15M IPO at $4.00 per share, marking its entry into public markets on Nasdaq.
Fast Track Group has successfully completed its initial public offering (IPO), raising
The company has also granted underwriters a 45-day option to purchase up to an additional 562,500 shares at the offering price to cover potential over-allotments. This is a standard provision that could potentially increase the total capital raised if exercised.
The IPO was led by Alexander Capital as the book-running manager with Network 1 Financial Securities as co-underwriter. The relatively modest offering size of
For a company in the entertainment event management space, going public provides access to capital for expansion while creating liquidity for early investors. The
The company's SEC registration process began in September 2024 and took approximately eight months to complete, which is within the standard timeline for smaller IPOs. The successful completion of this process demonstrates the company has met regulatory requirements for public trading.
SINGAPORE, May 27, 2025 (GLOBE NEWSWIRE) -- FAST TRACK GROUP (NASDAQ: FTRK) (“Fast Track” or the “Company”), a leading entertainment-focused event management and celebrity agency company, today announced the closing of its initial public offering of 3,750,000 ordinary shares (the “Ordinary Shares”) at a public offering price of
In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 562,500 Ordinary Shares at the public offering price per share, less the underwriting discount, to cover over-allotments, if any.
Alexander Capital, L.P. (“Alexander Capital”), a full-service broker/dealer, acted as the lead book-running manager with Network 1 Financial Securities, Inc. acting as a co-underwriter for the offering. Loeb & Loeb LLP, Harney Westwood & Riegels Singapore LLP, and Rajah & Tann Singapore LLP served as U.S., Cayman Islands, and Singapore legal counsel to the Company, respectively, and Akerman LLP served as U.S. legal counsel to Alexander Capital for the offering.
The offering is being conducted pursuant to the Company’s registration statement on Form F-1, as amended (File No. 333-286542), relating to the Ordinary Shares initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on September 6, 2024, and was declared effective on May 22, 2025. The offering was made only by means of a prospectus. A final prospectus relating to the offering has been filed with the SEC on May 23, 2025, and is available on the SEC’s website at www.sec.gov. Copies of the final prospectus related to the Offering may be obtained from Alexander Capital, L.P., 10 Drs James Parker Blvd, Suite 202, Red Bank, New Jersey 07701, by telephone at 212-687-5650 or by email at info@alexandercapitallp.com.
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 shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities 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 jurisdiction.
About FAST TRACK GROUP
FAST TRACK GROUP is a leading entertainment-focused event management and celebrity agency company. Since inception in Singapore in 2012, the Company has expanded across Asia Pacific, earning a reputation for being the preferred partner for event and endorsement organizers in the region. FAST TRACK GROUP goes beyond traditional event management, offering value-added services such as media planning, PR management, technical production planning, celebrity sourcing, celebrity engagement consultancy and event manpower support, all tailored to the highest standards.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to read the risk factors contained in the Company’s final prospectus and other reports it files with the SEC before making any investment decisions regarding the Company’s securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.
Investor Relations
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
FTRK@gateway-grp.com
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