Magic Empire Global Ltd

Magic Empire Global Ltd (MEGL) priced its initial public offering on Aug 5, 2022 at $4.00 per share, raising $20M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $80M. Network 1 was lead-left underwriter, joined by Financial. Loeb & Loeb and Ogier advised the company and Ortoli Rosenstadt advised the underwriters.

Magic Empire Global Ltd is a Hong Kong financial services provider mainly offering corporate finance advisory and underwriting services. It sponsors companies seeking listings on the Stock Exchange Main Board and GEM, and acts as financial adviser to clients.

Status

IPO

Ticker

MEGL

Exchange

Nasdaq Capital Market

Priced

Aug 5, 2022

IPO price

$4.00

Raised

$20M

Market cap at IPO price

$80M

First filed

Apr 29, 2022

Underwriters

Network 1 and Financial

Company counsel

Loeb & Loeb and Ogier

Underwriters' counsel

Ortoli Rosenstadt

Sector

Financials

Country / state

Hong Kong

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.