Waton Financial has filed for an initial public offering with the Securities and Exchange Commission.

The company on Friday didn't disclose how many shares it would list, give an anticipated price range or detail how much in proceeds it expects from the offering. It provides securities-brokerage and financial-technology services through its Hong Kong-based subsidiaries Waton Securities International and Waton Technology International.

The company plans to be listed on the Nasdaq under the ticker WTF.

For its fiscal 2024, ending March 31, Waton posted a profit of $2.5 million, compared with $3.1 million a year earlier. Revenue jumped 75% year over year, to $10.1 million.

The company said it intends to use about 30% of the money from the sale to enhance the functionalities and technicalities of its trading platform, another 30% to launch an asset-management business and other new business lines, about 20% of the proceeds to expand its array of investments available to users of its platform and another 20% for general working capital.

Cathay Securities is listed as the offering's underwriter.