Plutus Financial Group Limited Price & Performance (PLUT)

Plutus Financial Group’s (NASDAQ:PLUT) quiet period ended on March 17, allowing underwriters to issue stock research. The company’s IPO, launched at $4 per share, raised $8.4 million. Analysts anticipate new coverage could influence PLUT's stock performance, which has traded between $3.20 and $4.22 over the past year.1

Plutus Financial Group raised an additional $600,000 after underwriters exercised a portion of their over-allotment option, increasing total IPO proceeds to $9 million. The Hong Kong-based company issued 2.25 million shares at $4 each, reflecting strong investor interest in its financial services offerings.2

Plutus Financial Group finalized its IPO and over-allotment option, achieving $9 million in gross proceeds. The company’s expansion includes securities brokerage and wealth management services in Hong Kong. Its successful debut highlights investor confidence in its diversified financial operations.3