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BUUU Group Limited Reveals Partial Utilization of Underwriter's Over-Allotment Option
Company Overview: BUUU Group Limited, a Hong Kong-based MICE solutions provider, announced the partial exercise of an over-allotment option for its initial public offering, resulting in the issuance of 175,000 Class A ordinary shares at $4.00 each.
Financial Details: The over-allotment generated gross proceeds of $700,000, increasing the total proceeds from the offering to $6.7 million, which will be used for brand enhancement, marketing, service expansion, and market entry into the U.S. and Southeast Asia.
BUUU Group Limited Announces Closing of $6 million Initial Public Offering
Initial Public Offering Announcement: BUUU Group Limited successfully closed its initial public offering of 1,500,000 Class A ordinary shares at $4.00 each, raising $6 million in gross proceeds, with trading commencing on Nasdaq under the symbol "BUUU."
Use of Proceeds and Future Plans: The company plans to utilize the net proceeds for brand enhancement, marketing initiatives, service expansion, technology integration, and market expansion into the U.S. and Southeast Asia.