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BUUU Group Limited Announces Pricing of $6 million Initial Public Offering and Listing on Nasdaq
Globenewswireยท 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].