Waton Financial's 'WTF' Shares Triple in Trading Debut

Dow Jones

Apr 02

By Dean Seal

Shares of Waton Financial have tripled in their first day of trading under the ticker WTF on the Nasdaq Capital Market.

The stock was changing hands at $13.20 in the afternoon trading session after debuting at an initial public offering price of $4. Trading was halted several times throughout the day.

The Hong Kong-based provider of securities brokerage and financial technology services said Tuesday morning that it was offering 4.375 million shares at $4 apiece, along with an option for underwriters to buy up to about 656,250 shares.

The initial public offering is expected to close on Wednesday and generate about $17.5 million in gross proceeds for Waton.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

April 01, 2025 15:07 ET (19:07 GMT)

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Trading was halted several times throughout the day. \n\n\n  The Hong Kong-based provider of securities brokerage and financial technology services said Tuesday morning that it was offering 4.375 million shares at $4 apiece, along with an option for underwriters to buy up to about 656,250 shares. \n\n\n  The initial public offering is expected to close on Wednesday and generate about $17.5 million in gross proceeds for Waton. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 01, 2025 15:07 ET (19:07 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}