Mega Fortune Company Limited Successfully Closes $15 Million Initial Public Offering

Mega Fortune Company Limited (NASDAQ: MGRT), a leading Internet of Things (IoT) solution provider based in Hong Kong, has successfully closed its initial public offering (IPO), raising $15 million in gross proceeds. The company offered 3,750,000 ordinary shares at a price of $4.00 per share, with trading commencing on the Nasdaq Capital Market on July 16, 2025. This move not only signifies a pivotal moment in Mega Fortune Company's journey but also highlights the growing investor interest in IoT technologies and their transformative potential across industries.

The IPO's success is a testament to the company's robust business model and its subsidiary, QBS System Limited's, expertise in delivering comprehensive IoT solutions. These solutions span IoT Integration Solution Services, IoT Maintenance and Support services, Business Process Outsourcing (BPO) services, and trading sales. By leveraging its IoT platform, tools, and services, Mega Fortune Company aids enterprises in their digital transformation efforts, enabling them to innovate, enhance efficiency, and boost productivity.

Furthermore, the underwriter was granted a 45-day option to purchase up to an additional 562,500 ordinary shares at the public offering price, indicating potential for further capital infusion. D. Boral Capital LLC served as the sole bookrunner for the offering, underscoring the confidence of financial institutions in Mega Fortune Company's market potential.

This development is significant for the IoT industry, particularly in the Asia-Pacific region, where Mega Fortune Company aims to become the preferred IoT solutions provider. The successful IPO not only provides the company with the necessary capital to expand its operations and technological offerings but also sets a precedent for other IoT firms considering public listings. For investors and industry observers, Mega Fortune Company's market debut represents an opportunity to engage with a company at the forefront of IoT innovation and digital transformation.

For more details on Mega Fortune Company Limited and its services, visit https://megafortune-group.com/. To view the full announcement of the IPO, visit https://ibn.fm/ZxsZX.