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BUUU Group Limited Announces Partial Exercise of Underwriter’s Over-Allotment Option
Globenewswire· 2025-09-03 20:30
Core Points - BUUU Group Limited, a Hong Kong-based MICE solutions provider, announced the partial exercise of the over-allotment option for its initial public offering, resulting in the issuance of an additional 175,000 Class A ordinary shares at a price of US$4.00 per share [1][2] - The total gross proceeds from the offering increased to US$6.7 million, before deducting underwriting discounts and expenses [2] Financial Details - The over-allotment closing generated aggregate gross proceeds of US$700,000 [2] - The Class A Ordinary Shares began trading on the Nasdaq Capital Market on August 14, 2025, under the symbol "BUUU" [2] Use of Proceeds - The company plans to utilize the net proceeds for enhancing brand recognition, strengthening marketing initiatives, expanding service offerings, integrating advanced technologies, and expanding into the U.S. and Southeast Asia markets [3] Offering Details - The offering was conducted on a firm commitment basis with Dominari Securities LLC as the representative underwriter, and Revere Securities LLC and Pacific Century Securities LLC as co-underwriters [4] - The offering was conducted under the company's Registration Statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on August 13, 2025 [5] Company Overview - BUUU Group Limited is a premier MICE solutions provider, offering a comprehensive portfolio designed to meet diverse client needs in event management and stage production [7]
BUUU Group Limited Announces Partial Exercise of Underwriter's Over-Allotment Option
GlobeNewswire News Room· 2025-09-03 20:30
Core Points - BUUU Group Limited, a Hong Kong-based MICE solutions provider, announced the partial exercise of the over-allotment option for its initial public offering, resulting in the issuance of an additional 175,000 Class A ordinary shares at a price of US$4.00 per share [1][2] - The total gross proceeds from the offering increased to US$6.7 million, before deducting underwriting discounts and expenses [2] Financial Details - The over-allotment closing generated aggregate gross proceeds of US$700,000 [2] - The Class A Ordinary Shares began trading on the Nasdaq Capital Market on August 14, 2025, under the symbol "BUUU" [2] Use of Proceeds - The company plans to utilize the net proceeds for enhancing brand recognition, strengthening marketing initiatives, expanding service offerings, integrating advanced technologies, and expanding into the U.S. and Southeast Asia markets [3] Offering Details - The offering was conducted on a firm commitment basis with Dominari Securities LLC as the representative underwriter, and Revere Securities LLC and Pacific Century Securities LLC as co-underwriters [4] - The offering was conducted under the Company's Registration Statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on August 13, 2025 [5] Company Overview - BUUU Group Limited has established itself as a premier MICE solutions provider, offering a comprehensive portfolio that includes event management and stage production [7] - The company serves a diverse clientele, including public institutions, marketing firms, real estate corporations, and established brands, focusing on delivering innovative and high-quality experiences [7]
BUUU Group Limited Announces Closing of $6 million Initial Public Offering
GlobeNewswire News Room· 2025-08-15 21:00
Core Viewpoint - BUUU Group Limited has successfully completed its initial public offering, raising $6 million through the sale of 1,500,000 Class A ordinary shares at $4.00 each, with potential additional proceeds if the over-allotment option is exercised [1][2][3] Group 1: Offering Details - The Class A Ordinary Shares began trading on the Nasdaq Capital Market under the symbol "BUUU" on August 14, 2025 [2] - The company has granted underwriters a 45-day option to purchase an additional 225,000 Class A Ordinary Shares, which could increase total gross proceeds to $6.90 million if fully exercised [2] - The offering was conducted on a firm commitment basis, with Dominari Securities LLC as the representative of the underwriters [4] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for enhancing brand recognition, strengthening marketing initiatives, expanding service offerings, integrating advanced technologies, and entering the U.S. and Southeast Asia markets [3] Group 3: Company Overview - BUUU Group Limited is a premier MICE solutions provider based in Hong Kong, offering comprehensive services in event management and stage production [7] - The company serves a diverse clientele, including public institutions, marketing firms, real estate corporations, and established brands, focusing on delivering innovative and high-quality experiences [7]
BUUU Group Limited Announces Closing of $6 million Initial Public Offering
Globenewswire· 2025-08-15 21:00
Core Viewpoint - BUUU Group Limited has successfully completed its initial public offering, raising $6 million through the sale of 1,500,000 Class A ordinary shares at $4.00 each, with potential additional proceeds if the over-allotment option is exercised [1][2][3] Group 1: Offering Details - The Class A Ordinary Shares began trading on the Nasdaq Capital Market under the symbol "BUUU" on August 14, 2025 [2] - The company has granted underwriters a 45-day option to purchase an additional 225,000 shares, which could increase total gross proceeds to $6.90 million if fully exercised [2] - The offering was conducted on a firm commitment basis, with Dominari Securities LLC as the lead underwriter [4] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for enhancing brand recognition, strengthening marketing initiatives, expanding service offerings, integrating advanced technologies, and entering the U.S. and Southeast Asia markets [3] Group 3: Company Background - BUUU Group Limited is a premier MICE solutions provider based in Hong Kong, offering comprehensive services in event management and stage production [7] - The company serves a diverse clientele, including public institutions, marketing firms, real estate corporations, and established brands, focusing on delivering innovative and high-quality experiences [7]
BUUU Group Limited Announces Pricing of $6 million Initial Public Offering and Listing on Nasdaq
Globenewswire· 2025-08-13 21:30
Core Viewpoint - BUUU Group Limited, a Hong Kong-based MICE solutions provider, has announced the pricing of its initial public offering (IPO) of 1,500,000 Class A ordinary shares at $4.00 per share, aiming to raise $6 million in gross proceeds [1][3]. Offering Details - The Class A Ordinary Shares are set to begin trading on the Nasdaq Capital Market under the symbol "BUUU" on August 14, 2025, with the offering expected to close on August 15, 2025, pending customary closing conditions [2]. - The company has granted underwriters a 45-day option to purchase an additional 225,000 Class A Ordinary Shares, which could increase gross proceeds to $6.90 million if fully exercised [3]. Use of Proceeds - The net proceeds from the offering will be utilized for enhancing brand recognition, strengthening marketing initiatives, expanding service offerings, integrating advanced technologies, and entering the U.S. and Southeast Asia markets, along with general corporate purposes [4]. Company Background - BUUU Group Limited is a premier MICE solutions provider with a comprehensive portfolio that includes event management and stage production, serving a diverse clientele such as public institutions and established brands [8].
Internationally Certified MICE Training Programme Launched in the GBA, Strengthening Talent Integration Between Macao and Hengqin
Globenewswire· 2025-08-01 11:42
Core Insights - The UFI-VMS education programme was successfully held in Hengqin, marking a significant step in the integration of the MICE industry between Macao and Hengqin [1][2] - Over 20 professionals from the Greater Bay Area (GBA) received the UFI-VMS certificate, contributing to the development of specialized talent for the MICE sector [2][6] - The programme was tailored to meet the growing demand for Chinese-language training, focusing on venue management practices relevant to the Chinese Mainland [4][5] Group 1: Programme Details - The programme was co-organized by UFI and VMA, with support from local associations and government bodies [1] - It was the first Chinese-language version of the UFI-VMS education programme held directly in Hengqin, breaking from previous models that were hosted in Macao [3] - The curriculum included risk management, human resource allocation, and event operations planning, enhancing participants' capabilities [5] Group 2: Industry Impact - Participants expressed interest in technology applications within venue construction, indicating a shift towards modern practices in the MICE sector [6] - The programme is part of a broader initiative that includes 22 MICE training programmes this year, aimed at expanding global perspectives among practitioners [6] - Future collaboration between Macao and Hengqin is anticipated, focusing on joint standard-setting and mutual recognition of qualifications [8] Group 3: Strategic Goals - The programme aims to establish a training mechanism that combines international standards with local demand, creating a sustainable talent pipeline [7] - By leveraging UFI's global network, the programme reinforces the strategic position of the Macao-Hengqin MICE sector [7] - The initiative is expected to unlock the potential of the "Multi-venue Event" model, enhancing regional synergy [8]