Stocktwits users are actively posting about the stock, with today’s message volumes on track to surge above 1,000, a 50x increase from the 30-day average.

The firm announced the pricing of its public offering of 27 million ordinary shares at a price of $0.4 apiece| Image source: Pixabay

Rimin Dutt·Stocktwits

Updated Jul 02, 2025 | 8:31 PM GMT-04

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Stocktwits was abuzz with chatter about Top Wealth Group (TWG) stock that spiked 200% on Friday after the caviar company priced its share offering.

The firm announced the pricing of its public offering of 27 million ordinary shares at a price of $0.4 apiece. The company said gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be approximately $10.8 million.

Following the announcement, shares of the firm spiked nearly 300% intraday to breach the $8 mark, despite the pricing of the issue being way below its trending price last week. Although the exact reason for the spike is unclear, it is believed that speculation about the fund-raise putting the company in a better position to execute its business vision has attracted investors and traders to the stock.

According to Stocktwits data, the number of new watchers on the company rose more than 30 times the average of the last 30 days.

Stocktwits users are actively posting about the stock, with message volumes set to breach 1,000, soaring from a handful of posts daily to several hundred as of midday Friday. The stock’s page views are also nearly 40 times above their 30-day average.

Hong Kong-based TWG provides caviar and caviar-based gourmet products that are sold under the brand Imperial Cristal Caviar.

TWG stock has risen over 250% in the last five sessions.