Hand over a $5 bill and get $1 back – that’s the scenario if you had bought a share of stock in these small IPOs: Two Hong Kong companies – DarkIris (DKI), a mobile games developer – and Etoiles Capital Group (EFTY), an investor relations services firm – each priced their small IPOs at $4.00 a share last night – Thursday night, Aug. 7, 2025.
DarkIris (DKI) shares more than doubled in their NASDAQ debut – opening at $8.80 – up $4.80 from their $4.00 IPO price – at 10:22 a.m. EDT today – Friday, Aug. 8, 2025 – on volume of 18,535 shares, according to NASDAQTrader.com. So at the first tick, DarkIris scored a moonshot. (There’s no word yet on whether DarkIris circled The Dark Side of the Moon.)
Etoiles Capital Group (EFTY) opened flat at $4.00 – even with its IPO price – at 11:10 a.m. EDDT today – Friday, Aug. 8, 2025 – on the NASDAQ on volume of 161,150 shares.
Here are the IPO pricing details on DarkIris (DKI) and Etoiles Capital Group (EFTY):
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DarkIris (DKI) priced 1.5 million shares at $4.00 apiece to raise $6.0 million on Thursday night, Aug. 7, 2025. Tiger Brokers served as the sole book-runner. At pricing, DarkIris had a market cap of about $70 million. DarkIris, founded in 2018, is involved in developing, publishing and running mobile digital games through numerous third-party digital platforms. It’s involved in game design, programming and graphics as well as the distribution and operation of mobile games.
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Financial Snapshot: Net income of $1.31 million on revenue of $10.2 million for the 12 months that ended on March 31, 2025
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Etoiles Capital Group (EFTY) priced 1.4 million shares at $4.00, the low end of its $4.00-to-$6.00 price range, to raise $5.6 million on Thursday night, Aug. 7, 2025. Prime Number Capital served as the sole book-runner. At pricing, Etoiles Capital Group had a market cap of $79.6 million. Etoiles Capital Group, formerly known as the Thrive Capital Group, conducts its business through its operating subsidiary, Etoiles Consultancy, The company provides investor relations services in Hong Kong, including public relations, tailored due diligence, website design enhancement, promotional video production and other investor relations and PR services.
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Financial Snapshot: Net income of $0.85 million on revenue of $2.53 million for the year that ended Dec. 31, 2024
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
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