Platinum Analytics Cayman Limited Announces Pricing of Its Initial Public Offering

Company Overview - Platinum Analytics Cayman Limited is a software developer specializing in FX trading software, data analytics, and technology solutions for financial institutions, with a strategic focus on Asia and emerging markets [7] - The company operates the Platinum ECN spot FX trading platform, offering products such as Platinum AI, Platinum ECN, and Platinum Smart Trade, which are designed for scalable, flexible, AI-driven, low-latency trading and analytics [8] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 2,000,000 Class A ordinary shares at a public offering price of $4.00 per share, aiming for gross proceeds of $8,000,000 [1] - An additional 300,000 ordinary shares may be purchased by underwriters within 45 days from the closing date to cover over-allotments [2] - The offering is expected to close on September 22, 2025, subject to customary closing conditions [2] Use of Proceeds - The company plans to allocate approximately $2.7 million (40% of net proceeds) for research and development, $2.1 million (30% of net proceeds) for expanding its marketing and sales team, and $2.0 million (30% of net proceeds) for IT facilities and financial licenses [4] Regulatory Filings - A registration statement on Form F-1 has been filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on September 18, 2025 [5]