Galaxy Payroll Group Ltd

Earnings data Q3 2024

Galaxy Payroll Group Ltd. is a holding company, which provides payroll outsourcing services. It also offers employment, and consultancy and market research services. The outsourcing services assist its end-users in calculating employees' salaries and the required employer’s contributions to social security and housing provident funds as well as individual income tax and any other deductions. The employment services act as the employers of record to employ suitable candidates, who are sourced by its end-users. The consultancy and market research services provides consultation for local policy and delivery of country profile reports. The company was founded by Wai Hong Lao, Yiu Kong But, and Wai Cheung Yeung in April 2013 and is headquartered in Hong Kong.

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Hong Kong, Sept. 13, 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 the closing of its initial public offering (the "Offering") of 1,750,000 ordinary shares (the "Ordinary Shares") at an initial public offering price of $4.00 per share for total gross proceeds of $7,000,000, before deducting underwriting discounts and other offering expenses. The Offering closed on September 13, 2024, and the Ordinary Shares began trading on Nasdaq Capital Market on September 12, 2024, under the ticker symbol "GLXG". The Company has granted the underwriter an option, exercisable within 45 days from the effective date of certain Registration Statement (as defined below), to purchase up to an additional 262,500 Ordinary Shares at the initial public offering price, less underwriting discounts, to cover over-allotments, if any.

Galaxy Payroll Group Limited Announces Closing of $7 Million Initial Public Offering

Hong Kong, Sept. 12, 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 the pricing of its initial public offering (the "Offering") of 1,750,000 ordinary shares (the "Ordinary Shares") at a public offering price of $4.00 per share for total gross proceeds of $7,000,000, before deducting underwriting discounts and other offering expenses. The Ordinary Shares have been approved for listing on the Nasdaq Capital Market and are expected to begin trading on September 12, 2024, under the ticker symbol "GLXG".

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