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Galaxy Payroll Group Limited Announces Closing of the Underwriter's Over-Allotment Option in Connection with its Initial Public Offering
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Hong Kong, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Galaxy Payroll Group Limited (the “Company” or “GLXG”), a reputable payroll outsourcing service, employment service and consultancy and market research service provider based in Hong Kong, today announced that it closed the sales of an additional 262,500 ordinary shares of the Company, representing full exercise of the underwriter's over-allotment option granted in connection with the Company's initial public offering (“IPO”, together with such over-allotment closing, the “Offering”), at the IPO price of $4 per share, less underwriting discounts. As a result, the Company has raised gross proceeds of $1,050,000 in addition to the previously announced IPO gross proceeds of $7,000,000, before deducting underwriting discounts and offering expenses.10/15/2024
U.S. IPO Weekly Recap: 3 Biotechs Lead Active September IPO Market
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Six IPOs debuted this past week, including three deals of more than $100 million. Seven IPOs submitted initial filings. Outparcel REIT FrontView REIT filed to raise $100 million, and Chinese on-demand courier service provider BingEx also filed to raise $100 million. No IPOs are currently scheduled to list in the week ahead, as activity remains somewhat muted in the run-up to the 2024 presidential election.09/14/2024
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Is Galaxy Payroll Group Limited (GLXG) a buy, sell, or hold?
Galaxy Payroll Group Limited (GLXG) can sell. Click on Rating Page for detail.
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The price of Galaxy Payroll Group Limited (GLXG) is 0.555 and it was updated on 2025-07-02 13:00:27.
Is Galaxy Payroll Group Limited (GLXG) overvalued or undervalued?
Currently Galaxy Payroll Group Limited (GLXG) is in undervalued.
News
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 Galaxy Payroll Group Limited Announces Closing of $7 Million Initial Public Offering
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 Galaxy Payroll Group Limited Announces Pricing of Its Initial Public Offering
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