Platinum Analytics Cayman Limited Announces Closing of Its Initial Public Offering and Full Exercise of Over Allotment

Rhea-AI Summary

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.

Positive

• None.

Negative

• Relatively small IPO size of $9.2M may limit growth potential
• High allocation of proceeds (30%) required for licenses and IT infrastructure
• Potential competitive challenges in the saturated fintech market

Insights

IPO and Capital Markets Specialist

Platinum Analytics raised $9.2M in its Nasdaq IPO, a modest raise focused on Asia/emerging markets fintech expansion.

Platinum Analytics' completed IPO represents a modest capital raise of $9.2 million through the sale of 2.3 million shares at $4 per share. The full exercise of the over-allotment option signals decent initial demand from institutional investors despite the relatively small offering size.

For context, this $9.2 million raise positions PLTS at the smaller end of technology IPOs on Nasdaq, which typically range from $50 million to several hundred million. This suggests a focused growth strategy rather than aggressive expansion.

The allocation of proceeds reveals strategic priorities: 40% for R&D signals commitment to product development in the competitive fintech space, while 30% each for sales expansion and IT/licensing requirements demonstrates balanced investment across growth drivers.

The company's focus on FX trading software and data analytics for financial institutions, with emphasis on Asian and emerging markets, positions it in high-growth segments where established Western providers may lack regional expertise. This geographical focus could be both a differentiator and a risk factor given regulatory variability across emerging markets.

PLTS selected Kingswood Capital Partners as sole bookrunner, a boutique investment bank typically handling smaller-cap offerings, consistent with the offering's size. The Nasdaq Capital Market listing (rather than Nasdaq Global Market) aligns with the company's current capitalization while providing sufficient liquidity and visibility to attract institutional investors focused on emerging growth companies.

Singapore, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Platinum Analytics Cayman Limited (the “Company” or “PLTS”), a software developer specializing in the provision of FX trading software development solutions, data analytics solutions and technology development solutions to financial institutions with a strategic focus on serving Asia and other emergent markets, today announced the closing of its initial public offering (the “Offering”) of 2,300,000 Class A ordinary shares (the “Ordinary Shares”), which included the underwriters’ full exercise of their over-allotment option, at a public offering price of $4.00 per share for gross proceeds of $9,200,000, before deducting underwriting discounts and offering expenses. The Offering closed on September 22, 2025 and the Ordinary Shares commenced trading on the Nasdaq Capital Market on September 19, 2025, under the ticker symbol “PLTS”.

The Offering was conducted on a firm commitment basis. Kingswood Capital Partners, LLC acted as the bookrunner and representative of the underwriters for the Offering.

The Company intends to use $3.3 million, which is expected to be approximately 40% of the net proceeds from this Offering, for research and development purposes; $2.4 million, which is expected to be approximately 30% of the net proceeds, for the expansion of its marketing and sales team; and $2.4 million, which is expected to be approximately 30% of the net proceeds, for procurement of IT facilitate and financial licenses.

A registration statement on Form F-1 (File No. 333-287134) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on September 18, 2025. The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering, when available, may be obtained from Kingswood Capital Partners, LLC at 11440 W. Bernardo Ct., Suite 300, San Diego, CA 92127, or via email lciervo@kingswoodus.com, or telephone at (561) 961-0505. In addition, a copy of the final prospectus can also be obtained via the SEC’s website at www.sec.gov.

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 be constituted as an offer to sell or the solicitation of an offer to buy 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 Platinum Analytics Cayman Limited

Established in 2017 in Singapore, Platinum Analytics Cayman Limited, through its wholly-owned Singapore subsidiary, Platinum Analytics Singapore Pte. Ltd., develops FX trading software, data analytics, and technology solutions for financial institutions, focusing on Asia and other emergent markets. Supported by the Monetary Authority of Singapore (MAS), it addresses rapid growth in currency trade volumes, complex cross‑border transactions, and emerging market volatility.

The Company operates the Platinum ECN spot FX trading platform for institutional and enterprise clients. Its products – Platinum AI, Platinum ECN, and Platinum Smart Trade – deliver scalable, flexible, AI‑driven, low‑latency trading and analytics. For more information, please visit: www.platinumanalytics.net.

Forward-Looking Statement

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 the expected trading of its Ordinary Shares on the Nasdaq Capital Market and the closing of 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 the completion of the initial public offering on the anticipated terms or at all, 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.

For more information, please contact:

Underwriters

Kingswood Capital Partners, LLC
+1 (561) 961 0505
lciervo@kingswoodus.com

Investor Relations

WFS Investor Relations Inc.
Connie Kang
Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)

FAQ

How much did Platinum Analytics (PLTS) raise in its IPO?

Platinum Analytics 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 over-allotment option.

When did PLTS stock begin trading on Nasdaq?

PLTS shares commenced trading on the Nasdaq Capital Market on September 19, 2025, under the ticker symbol 'PLTS'.

How will Platinum Analytics use its IPO proceeds?

The company will allocate 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.

Who was the underwriter for the Platinum Analytics IPO?

Kingswood Capital Partners, LLC acted as the bookrunner and representative of the underwriters for the IPO.

What is Platinum Analytics' main business focus?

Platinum Analytics specializes in FX trading software development, data analytics solutions, and technology development solutions for financial institutions, with a strategic focus on Asia and emerging markets.