Core Points - Galaxy Payroll Group Limited has successfully closed the sale of an additional 262,500 ordinary shares at the IPO price of $4 per share, raising gross proceeds of $1,050,000, in addition to the previously announced IPO gross proceeds of $7,000,000 [1][2] Group 1: Company Overview - Galaxy Payroll Group Limited is a Hong Kong-based company specializing in payroll outsourcing services, employment services, and consultancy, with extensive experience in the Asian human capital market [5] - The company serves a diverse clientele, including global human resources service providers and multinational companies, offering payroll and employment-related services across various Asian countries [5] Group 2: Offering Details - The Offering was conducted on a firm commitment basis, with R.F. Lafferty & Co., Inc. acting as the sole underwriter [2] - A registration statement related to the Offering was filed with the U.S. Securities and Exchange Commission and was declared effective on September 10, 2024 [3]
Galaxy Payroll Group Limited Announces Closing of the Underwriter's Over-Allotment Option in Connection with its Initial Public Offering