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Platinum Analytics Cayman Limited (NASDAQ:PLTS), a software developer specializing in FX trading solutions and data analytics for financial institutions, has successfully completed its Initial Public Offering (IPO). The company raised $9.2 million in gross proceeds through the sale of 2,300,000 Class A ordinary shares at $4.00 per share, including the full exercise of the underwriters' over-allotment option.
Trading commenced on the Nasdaq Capital Market on September 19, 2025, under the ticker "PLTS". The company plans to allocate the net proceeds as follows: 40% ($3.3M) for R&D, 30% ($2.4M) for marketing and sales team expansion, and 30% ($2.4M) for IT infrastructure and financial licenses. Kingswood Capital Partners, LLC served as the bookrunner for the offering.
Platinum Analytics Cayman Limited (NASDAQ:PLTS), a software developer specializing in FX trading solutions and data analytics for financial institutions in Asia and emerging markets, has announced the pricing of its initial public offering.
The company is offering 2,000,000 Class A ordinary shares at $4.00 per share, aiming to raise $8 million in gross proceeds. Trading will commence on September 19, 2025, under the symbol "PLTS". Underwriters have a 45-day option to purchase up to 300,000 additional shares.
The net proceeds will be allocated as follows: 40% ($2.7M) for R&D, 30% ($2.1M) for marketing and sales expansion, and 30% ($2.0M) for IT infrastructure and financial licenses.
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