As filed with the U.S. Securities and Exchange Commission on July 23, 2025. Registration No. 333-286810 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 5 TO FORM S-1 (I.R.S. Employer Identification Number) 10 E. 53rd Street, Suite 3001 New York, NY 10022 Telephone: (332) 266-7344 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) David Boral Chief Executive Officer 10 E. 53rd Street, Suite 3001 New York, ...

Core Insights - Figma is allowing existing shareholders to sell significantly more shares than the company itself plans to offer in its IPO, with existing shareholders permitted to sell nearly 24.7 million shares compared to the company's planned 12.5 million shares [1] - The IPO is expected to be highly sought after, with existing shareholders having the option to sell an additional 5.5 million shares if demand is strong [2] - Figma's CEO, Dylan Field, plans to sell 2.35 million shares, potentially cashing out over $62 million at the midrange price, while still retaining 74% of the voting rights post-IPO due to supervoting rights [2] - Major venture investors like Index, Greylock, Kleiner Perkins, and Sequoia are also cashing out shares, with each potentially selling between 1.7 million to 3.3 million shares, which could provide liquidity in a challenging venture market [3] - Despite the secondary sales, these investors are retaining the majority of their Figma holdings, indicating confidence in the company's future [4] - Figma is not expected to profit from the shares sold by its stockholders, but if the IPO prices above the announced range, it could raise more capital [6] - Experts anticipate Figma could sell around $1.5 billion worth of stock, making it the largest IPO of 2025 if it exceeds this amount [7]

2023年，Figma计划按照200亿美元估值出售给Adobe Inc.，但最终没能实现。 软件开发公司Figma和部分投资者寻求通过美国IPO募资至多10.3亿美元，届时估值可能会达到136亿美 元。 Figma计划按25-28美元出售1247万股股票，其投资者考虑按同样的指导区间出售2446万股。 ...

Group 1 - Bullish, a cryptocurrency exchange operator, has filed for an IPO in the United States [1] Group 2 - The move indicates a growing trend of cryptocurrency companies seeking public listings [1] - The IPO application reflects the increasing institutional interest in digital assets [1]

Core Points - Kandal M Venture Limited has successfully completed its initial public offering (IPO), with underwriters exercising their over-allotment option to purchase an additional 300,000 Class A ordinary shares at $4.00 per share, resulting in gross proceeds of $1.2 million [1] - The total number of Class A ordinary shares sold in the IPO has increased to 2,300,000, with total gross proceeds reaching $9.2 million [1] - The Class A ordinary shares began trading on the Nasdaq Capital Market on June 25, 2025, under the symbol "FMFC" [1] Use of Proceeds - The net proceeds from the IPO will be utilized for expanding the customer base into key markets, particularly in Europe [1] - The company plans to enhance its production capacity and establish a new design and development center to improve product development capabilities [1] - Additional working capital and general corporate purposes will also be funded through the proceeds [1] Company Overview - Kandal M Venture Limited is a contract manufacturer specializing in affordable luxury leather goods, with manufacturing operations based in Cambodia [5] - The company primarily produces various types of handbags and smaller leather goods, including wallets [5]

Core Viewpoint - Kandal M Venture Limited successfully completed its initial public offering, raising a total of $9.2 million after the underwriters exercised their over-allotment option, indicating strong market interest in the company's shares [1][2]. Group 1: Offering Details - The underwriters exercised their over-allotment option to purchase an additional 300,000 Class A ordinary shares at $4.00 per share, resulting in additional gross proceeds of $1.2 million [1]. - The total number of Class A ordinary shares sold in the offering increased to 2,300,000, with gross proceeds reaching $9.2 million before deductions [1]. - The Class A ordinary shares began trading on the Nasdaq Capital Market on June 25, 2025, under the symbol "FMFC" [1]. Group 2: Use of Proceeds - The company plans to use the net proceeds from the offering for several strategic initiatives, including expanding its customer base into European markets, enhancing production capacity, establishing a new design and development center, and for general corporate purposes [1]. Group 3: Company Overview - Kandal M Venture Limited is a contract manufacturer specializing in affordable luxury leather goods, with manufacturing operations based in Cambodia [5]. - The company primarily produces a variety of handbags and smaller leather goods, such as wallets [5].

Core Insights - American Trust Investment Services, Inc. (ATIS) successfully executed the initial public offering (IPO) of K-TECH Solutions Co., Ltd. on Nasdaq, marking a significant achievement in capital markets [1][5] - The IPO involved the offering of 1,600,000 ordinary shares at a price of $4.00 per share, generating gross proceeds of $6.4 million before any discounts and expenses [2] - K-TECH Solutions specializes in educational toys and learning kits, with a diverse product range serving customers in North America, Europe, and other markets [3] Financial Details - The offering generated gross proceeds of $6.4 million, with an additional 240,000 shares available for purchase by the underwriter to cover over-allotments [2] - The net proceeds from the offering will be allocated for product development, production capacity expansion, and general corporate purposes [4] Company Background - ATIS is a leading investment bank providing tailored capital markets solutions for both emerging and established companies, with a strong focus on IPOs and follow-on offerings [6] - The firm is recognized for its hands-on approach and extensive experience in guiding businesses through complex financial transactions [6]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across various financial markets [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered includes insights across sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Viewpoint - Grande Group Limited has successfully completed the over-allotment option of its initial public offering, raising additional funds to support its corporate finance advisory and asset management services [1][2]. Group 1: Offering Details - The over-allotment option allowed the underwriter to purchase an additional 281,250 Class A ordinary shares at a public offering price of US$5.00 per share, resulting in gross proceeds of US$1,406,250 [1][2]. - The total gross proceeds from the initial public offering increased to approximately US$10.78 million before deducting underwriting discounts and other offering expenses [2]. Group 2: Use of Proceeds - The company plans to utilize the net proceeds from the offering to strengthen its corporate finance advisory business, develop its asset management business, establish equity capital market services, and for general working capital purposes [3]. Group 3: Legal and Regulatory Framework - The offering was conducted on a firm commitment basis, with Cathay Securities, Inc. serving as the underwriter and various legal counsels involved for compliance with U.S. and Hong Kong regulations [4][5]. - The offering was made under the company's Registration Statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on June 30, 2025 [5]. Group 4: Company Overview - Grande Group Limited, through its subsidiary Grande Capital Limited, provides corporate finance advisory services and IPO sponsor services, and is licensed by the Securities and Futures Commission of Hong Kong for regulated activities [7].

Core Viewpoint - Bank of America (BAC) is expected to report solid second-quarter 2025 results, with revenues projected at $26.59 billion, reflecting a 4.8% year-over-year growth, driven by strong trading performance and an increase in net interest income (NII) [1][2]. Financial Performance - The consensus estimate for BAC's earnings in the upcoming quarter has been revised down by 1.1% to 86 cents, indicating a 3.6% increase from the same quarter last year [2]. - The Zacks Consensus Estimate for NII is $14.86 billion, suggesting a 7.2% year-over-year increase, while trading revenues are expected to grow by 9.1% to $5.11 billion [8][14]. Earnings Surprise History - Bank of America has a strong earnings surprise history, having outperformed the Zacks Consensus Estimate in the last four quarters with an average surprise of 6.63% [5][7]. Loan Demand and NII - The Federal Reserve's decision to keep interest rates unchanged is likely to support BAC's NII, with solid demand for commercial, industrial, real estate, and consumer loans observed during the quarter [8][9]. - BAC is expected to see a modest rise in loan demand, similar to its peers JPMorgan and Citigroup [8]. Investment Banking Fees - Despite a challenging environment due to tariffs, global M&A activity improved towards the end of the quarter, likely leading to a marginal rise in advisory fees for BAC [10]. - The IPO market showed a revival, contributing to an increase in underwriting fees, which account for nearly 40% of total investment banking fees [11]. Trading Income - Strong client activity and market volatility are expected to boost BAC's trading revenues, projected to grow in the mid-to-high single-digit range [13][14]. Expenses and Asset Quality - Non-interest expenses are anticipated to rise by 4% year-over-year, driven by expansion efforts and digitization initiatives [15]. - The provision for credit losses is estimated at $1.54 billion, reflecting concerns over potential delinquent loans amid higher interest rates and tariff impacts [16]. Stock Performance and Valuation - BAC shares gained 18.6% in the second quarter, outperforming the S&P 500 Index, while trading at a price-to-tangible book (P/TB) ratio of 1.76X, below the industry average of 2.86X [21][24]. - Compared to JPMorgan and Citigroup, BAC's stock appears inexpensive, with JPMorgan at 3.04X and Citigroup at 0.97X [27]. Strategic Positioning - The company is focusing on aggressive branch expansion and technology investments to enhance customer relationships and drive NII growth over time [29]. - While the outlook remains promising, challenges such as high deposit costs and volatile capital markets may impact fee income growth [30].