Galaxy Payroll Group Limited Raises $1.05 Million in IPO

Galaxy Payroll Group Limited has successfully completed its initial public offering (IPO), raising $1,050,000 in gross proceeds at an IPO price of $4 per share. This amount is in addition to the previously announced IPO gross proceeds of $7,000,000. The offering was conducted on a firm commitment basis with R.F. Lafferty & Co., Inc. acting as the sole underwriter. Legal counsel was provided by Pryor Cashman LLP for the company and VCL Law LLP for the underwriter.

The registration statement for the offering was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on September 10, 2024. The offering is being made solely through a prospectus, available from R.F. Lafferty & Co., Inc. or via the SEC's website.

Galaxy Payroll Group Limited, headquartered in Hong Kong, specializes in payroll outsourcing, employment services, and human capital market consultancy across Asia. Their services cater to global human resources service providers and multinational companies. The company aims to expand its services worldwide.

Investors are advised to read the prospectus and other SEC filings for more information about the company and the offering. Forward-looking statements in the release are subject to risks and uncertainties, and the company does not undertake to revise these statements publicly.