Galaxy Payroll Group Ltd.

General Information

Galaxy Payroll Group Ltd., a holding company incorporated in the British Virgin Islands, is offering the shares in this IPO. Our principal executive offices are in Hong Kong.

As a holding company with no operations, we are not a Chinese operating company. Our operations are conducted by our Operating Entities, which are our indirect wholly owned subsidiaries, Galaxy Payroll Services Limited (“Galaxy Payroll (HK)”), Galaxy GEO Services Limited (“Galaxy GEO Services”), Galaxy Corporate Management Consultancy (Shenzhen) Limited (“Galaxy HR (SZ)”), Galaxy Human Resources Limited (“Galaxy HR (TW)”), and Galaxy Recursos Humanos (Macau) Limitada (“Galaxy HR (Macau)”).

In addition to outsourced payroll services, our subsidiaries also offer employment services, market research services and consulting services to companies in the retail, trading, industrial, financial, professional services, IT and healthcare industries.  

*Note: Revenue and net income are in U.S. dollars for the year ended June 30, 2022.

(Note: Galaxy Group Pro Ltd. filed its F-1 dated Dec. 28, 2022, for its IPO: 4.0 million ordinary shares to be offered by the company and the IPO price range was not disclosed. The selling stockholder will sell 960,000 shares. The company will NOT receive any proceeds from the sale of the selling stockholder’s shares.)

(Note – From the prospectus: “On December 19, 2022, the Company filed Amended and Restated Charter with the Registrar to increase our authorized shares from 50,000 Ordinary Shares, par value of US$1 per share, to unlimited number of Ordinary Shares, par value of US$0.000625 per share and effectuated a forward split of all issued and outstanding shares at a ratio of 1,600:1.”)

Industry: Services - Payment Processing, Accounting
Employees: 46
Founded: 2013
Contact Information
Address 25th Floor, Ovest 77 Wing Lok Street Sheung Wan, Hong Kong
Phone Number +852 3105 2611
Web Address
View Prospectus: Galaxy Payroll Group Ltd.
Financial Information
Market Cap
Revenues $5.98 mil (last 12 months)
Net Income $2.87 mil (last 12 months)
IPO Profile
Symbol GLXG
Exchange NASDAQ
Shares (millions): 5.0
Price range $0.00 - $0.00
Est. $ Volume $25.0 mil
Manager / Joint Managers Prime Number Capital
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change