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Mega Fortune Company Limited (MGRT) completed its initial public offering of 3,750,000 ordinary shares at $4.00 per share, raising $15 million in gross proceeds before underwriting discounts and expenses, according to a company statement.
The Hong Kong-based Internet of Things solution provider began trading on the Nasdaq Capital Market on July 16, 2025. The company granted the underwriter a 45-day option to purchase up to an additional 562,500 ordinary shares at the public offering price, less underwriting discounts.
D. Boral Capital LLC served as the sole book-running manager for the offering, which was conducted on a firm commitment basis. FisherBroyles, LLP acted as U.S. securities counsel to the company, while Jun He Law Offices LLC represented D. Boral Capital LLC.
The Securities and Exchange Commission declared the company’s registration statement on Form F-1 effective on June 30, 2025. The final prospectus was filed with the SEC on July 16, 2025.
Through its operating subsidiary QBS System Limited, Mega Fortune provides IoT integration solutions, maintenance and support services, business process outsourcing services, and trading sales across various industries. The company’s services include IoT platform tools designed to assist enterprises with digital transformation and IoT application integration.