Megan Holdings Ltd.

Megan Holdings Ltd. (MGN) priced its initial public offering on Sep 26, 2025 at $4.00 per share, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $65M. D. Boral Capital was lead-left underwriter. Forbes Hare and Ortoli Rosenstadt advised the company and Loeb & Loeb advised the underwriters.

Megan Holdings Ltd. is a Cayman Islands holding company whose Malaysian operating subsidiary is engaged in the development, construction and maintenance of aquaculture farms. Since 2020 it has carried out upgrading and maintenance works on shrimp farms in Tawau, Sabah.

Status

IPO

Ticker

MGN

Exchange

Nasdaq Capital Market

Priced

Sep 26, 2025

IPO price

$4.00

Market cap at IPO price

$65M

First filed

Aug 8, 2024

Underwriters

D. Boral Capital

Company counsel

Forbes Hare and Ortoli Rosenstadt

Underwriters' counsel

Loeb & Loeb

Sector

Agriculture

Country / state

Malaysia

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