BUZZ-Waton Financial slumps after near five-fold gain on Nasdaq debut

Reuters2025-04-02

Updates

** Hong Kong securities brokerage firm Waton Financial's WTF.O shares slumps 41.7% to $11.58 in early trading

** Stock soared nearly five-fold to $19.85 in its stunning Nasdaq debut on Tuesday

** WTF went public after downsized $17.5 million U.S. IPO wherein the firm sold ~4.38 million shares at $4 apiece

** WTF's market value set to fall by $393.5 million, if losses hold

** Kowloon, Hong Kong-based WTF has ~47.6 million outstanding shares, per SEC filing, valuing the firm at $944.5 million as of last close

** About 19.5 million WTF shares changed hands on Tuesday, per LSEG data

** WTF's revenue jumped 75.2% to $10.1 million in the fiscal year ended March 31, 2024 from a year earlier

** Waton Financial provides securities brokerage and financial technology services through its Hong Kong subsidiaries

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-04-02 22:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Waton Financial slumps after near five-fold gain on Nasdaq debut</title></head><body><p>Updates</p><p>** Hong Kong securities brokerage firm Waton Financial's <span>WTF.O</span> <span>shares slumps 41.7% to $11.58 in early trading</span></p><p>** Stock <span>soared nearly five-fold </span><span>to</span> $19.85 in its stunning <span>Nasdaq debut</span> on Tuesday</p><p>** WTF went public after downsized $17.5 million U.S. IPO wherein the firm sold ~4.38 million shares at $4 apiece</p><p>** <span>WTF's market value </span><span>set to fall by $393.5 million, if losses hold </span></p><p> ** Kowloon, Hong Kong-based WTF has ~47.6 million outstanding shares, per SEC filing, valuing the firm at $944.5 million as of last close</p><p>** About 19.5 million WTF shares changed hands on Tuesday, per LSEG data</p><p>** WTF's revenue jumped 75.2% to $10.1 million in the fiscal year ended March 31, 2024 from a year earlier</p><p>** Waton Financial provides securities brokerage and financial technology services through its Hong Kong subsidiaries</p><p>(Reporting by Arasu Kannagi Basil in Bengaluru)</p><p>((ArasuKannagi.Basil@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WTF","symbol_name":"华通金融","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250402:nL6N3QG0LB:1","article_id":"2524349425","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524349425","pubTimestamp":1743603169,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, 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WTF's revenue jumped 75.2% to $10.1 million in the fiscal year ended March 31, 2024 from a year earlier** Waton Financial provides securities brokerage and financial technology services through its Hong Kong subsidiaries(Reporting by Arasu Kannagi Basil in Bengaluru)((ArasuKannagi.Basil@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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