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MasterBeef Group (MB), a Hong Kong-based restaurant group specializing in Taiwanese hotpot and barbecue, has announced the closing of its over-allotment option from its recent IPO. The company issued an additional 155,000 ordinary shares at $4.00 per share, raising approximately $620,000 in gross proceeds.
The company's shares began trading on the Nasdaq Capital Market on April 10, 2025, under the ticker "MB". The proceeds will fund restaurant network expansion in Hong Kong and Southeast Asia, marketing campaigns, semi-finished food product development, technology solutions implementation, and general corporate purposes. Dominari Securities LLC led the underwriting, with Revere Securities LLC as co-underwriter.
MasterBeef Group (MB), a Hong Kong-based restaurant group specializing in Taiwanese hotpot and barbecue, has successfully completed its Initial Public Offering (IPO) on the Nasdaq Capital Market. The company raised US$8.0 million by offering 2,000,000 ordinary shares at US$4.00 per share.
The shares began trading under the symbol 'MB' on April 10, 2025. The underwriters have a 45-day option to purchase an additional 300,000 shares. The IPO proceeds will fund:
- Restaurant network expansion in Hong Kong and Southeast Asia
- Marketing and branding campaigns
- Semi-finished food products development
- Technology solutions and IT systems upgrades
Additionally, 1,815,000 ordinary shares were registered for potential resale by existing shareholders, with no proceeds going to the company.
MasterBeef Group, a Hong Kong-based restaurant group specializing in Taiwanese hotpot and barbecue, has announced the pricing of its Initial Public Offering (IPO) at US$4.00 per ordinary share. The company is offering 2,000,000 ordinary shares to raise US$8.0 million in gross proceeds.
Trading will commence on April 10, 2025, on the Nasdaq Capital Market under the symbol 'MB'. The company has granted underwriters a 45-day option to purchase up to 300,000 additional shares. Additionally, 1,815,000 ordinary shares are being registered for potential resale by existing shareholders.
The IPO proceeds will fund:
- Restaurant network expansion in Hong Kong and Southeast Asia
- Marketing and branding campaigns
- Semi-finished food products production
- Technology solutions and IT systems upgrades
- General corporate development
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