Mega Fortune Company Limited Announces Initial Public Offering on Nasdaq Capital Market

Mega Fortune Company Limited, an IoT solution provider in Hong Kong, has announced the pricing of its initial public offering (IPO) of 3,750,000 ordinary shares at a price of $4.00 per share. The aggregate gross proceeds from the IPO will be $15 million, before deducting underwriting discounts and other related expenses. The IPO is expected to close on or about July 17, 2025, subject to the satisfaction of customary closing conditions.

Key Takeaways:

• The IPO will list 3,750,000 ordinary shares on The Nasdaq Capital Market under the ticker symbol "MGRT".
• The aggregate gross proceeds from the IPO will be $15 million, representing the highest amount in a Hong Kong IPO in the past 12 months.
• D. Boral Capital LLC is acting as the sole book-running manager for the IPO, and FisherBroyles, LLP is acting as U.S. securities counsel to Mega Fortune Company Limited.
• The IPO is expected to complete a digital transformation of the company, with its vision being to become the preferred choice for IoT solutions in the Asia-Pacific region.
• QBS System, the operating subsidiary of Mega Fortune, specializes in delivering comprehensive IoT solutions and services across various industries.
• The IPO is expected to trade under the ticker symbol "MGRT" on the Nasdaq Capital Market starting from July 16, 2025.

Statistics:

• 3,750,000 ordinary shares will be listed on the Nasdaq Capital Market.
• The IPO's aggregate gross proceeds will be $15 million.
• The IPO is priced at $4.00 per share.
• The IPO's expected closing date is on or about July 17, 2025.
• The operating subsidiary of Mega Fortune Company Limited, QBS System, delivers comprehensive IoT solutions and services with a business service portfolio that includes IoT Integration Solution Services, IoT Maintenance, and Support services.

Sources:

• Globe Newswire: "Mega Fortune Company Limited Announces Pricing of Initial Public Offering"
• Form F-1, as amended, relating to the IPO: "File Number: 333-282977"
• SEC's website: "Companies and Filings: Mega Fortune Company Limited"
• D. Boral Capital LLC: "590 Madison Avenue, 39th Floor, New York, NY 10022"
• Email: "". Phone: +1 (212) 970 5150.