11:25 AM EST, 02/05/2025 (MT Newswires) -- Plutus Financial Group (PLUT) shares were up in their Nasdaq debut Wednesday after the company priced an initial public offering of 2.1 million shares at $4 each.

The Hong Kong-based financial services company said it granted the underwriter a 45-day option to buy up to 315,000 additional shares at the IPO price.

The IPO proceeds will be used to develop software and applications, augment funding for offering trading facilities solutions to customers, and expand the company's customer and wealth management teams, it said.

The IPO is set to close on Thursday, Plutus said.

Price: 4.10, Change: +0.10, Percent Change: +2.50