MASTERBEEF GROUP Announces Closing of Partial Exercise of Over-Allotment Option in its Initial Public Offering
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), un gruppo di ristorazione con sede a Hong Kong specializzato in hotpot e barbecue taiwanesi, ha annunciato la chiusura dell'opzione di sovrallocazione relativa alla sua recente IPO. La società ha emesso 155.000 azioni ordinarie aggiuntive a 4,00 $ per azione, raccogliendo circa 620.000 $ di proventi lordi.
Le azioni della società hanno iniziato a essere quotate sul Nasdaq Capital Market il 10 aprile 2025, con il simbolo "MB". I fondi raccolti saranno utilizzati per l'espansione della rete di ristoranti a Hong Kong e nel Sud-est asiatico, campagne di marketing, sviluppo di prodotti alimentari semilavorati, implementazione di soluzioni tecnologiche e scopi aziendali generali. La sottoscrizione è stata guidata da Dominari Securities LLC, con Revere Securities LLC come co-sottoscrittore.
MasterBeef Group (MB), un grupo de restaurantes con sede en Hong Kong especializado en hotpot y barbacoa taiwanesa, ha anunciado el cierre de su opción de sobresuscripción tras su reciente oferta pública inicial (OPI). La compañía emitió 155,000 acciones ordinarias adicionales a 4.00 $ por acción, recaudando aproximadamente 620,000 $ en ingresos brutos.
Las acciones de la empresa comenzaron a cotizar en el Nasdaq Capital Market el 10 de abril de 2025, bajo el símbolo "MB". Los fondos se destinarán a la expansión de la red de restaurantes en Hong Kong y el sudeste asiático, campañas de marketing, desarrollo de productos alimenticios semiacabados, implementación de soluciones tecnológicas y propósitos corporativos generales. La suscripción estuvo liderada por Dominari Securities LLC, con Revere Securities LLC como co-suscriptor.
MasterBeef Group (MB)는 대만식 훠궈와 바비큐를 전문으로 하는 홍콩 기반의 외식 기업으로, 최근 IPO의 초과배정옵션 종료를 발표했습니다. 회사는 주당 4.00달러에 155,000주 보통주를 추가 발행하여 약 62만 달러의 총 수익을 확보했습니다.
회사의 주식은 2025년 4월 10일 나스닥 캐피털 마켓에 'MB'라는 티커로 상장되었습니다. 조달된 자금은 홍콩 및 동남아시아 내 레스토랑 네트워크 확장, 마케팅 캠페인, 반조리 식품 개발, 기술 솔루션 도입 및 일반 기업 목적에 사용될 예정입니다. Dominari Securities LLC가 주관을 맡았으며, Revere Securities LLC가 공동 주관사로 참여했습니다.
MasterBeef Group (MB), un groupe de restauration basé à Hong Kong spécialisé dans le hotpot et le barbecue taïwanais, a annoncé la clôture de son option de surallocation suite à son introduction en bourse récente. La société a émis 155 000 actions ordinaires supplémentaires au prix de 4,00 $ par action, levant environ 620 000 $ de produit brut.
Les actions de la société ont commencé à être négociées sur le Nasdaq Capital Market le 10 avril 2025, sous le symbole "MB". Les fonds seront utilisés pour l'expansion du réseau de restaurants à Hong Kong et en Asie du Sud-Est, des campagnes marketing, le développement de produits alimentaires semi-finis, la mise en œuvre de solutions technologiques et des fins corporatives générales. Dominari Securities LLC a dirigé le placement, avec Revere Securities LLC en co-placier.
MasterBeef Group (MB), eine in Hongkong ansässige Restaurantgruppe, die sich auf taiwanesische Hotpot- und Grillgerichte spezialisiert hat, hat die Ausübung der Mehrzuteilungsoption ihrer jüngsten Börseneinführung abgeschlossen. Das Unternehmen hat zusätzlich 155.000 Stammaktien zu je 4,00 $ ausgegeben und damit rund 620.000 $ Bruttoerlös erzielt.
Die Aktien des Unternehmens wurden am 10. April 2025 unter dem Tickersymbol "MB" an der Nasdaq Capital Market gelistet. Die Erlöse werden für den Ausbau des Restaurantnetzwerks in Hongkong und Südostasien, Marketingkampagnen, die Entwicklung halbfertiger Lebensmittelprodukte, die Implementierung von Technologielösungen sowie allgemeine Unternehmenszwecke verwendet. Die Zeichnung wurde von Dominari Securities LLC geleitet, mit Revere Securities LLC als Co-Underwriter.
- Additional capital raised through over-allotment option ($620,000) strengthens financial position
- Clear expansion strategy into Southeast Asian markets including Singapore
- Diversification plans into semi-finished food products market
- Investment in technology solutions for operational efficiency
- Relatively small capital raise through over-allotment ($620,000) may limit expansion plans
- Additional shares issued could lead to dilution of existing shareholders
Insights
MasterBeef Group raised additional $620,000 from partial over-allotment exercise, strengthening its post-IPO capital position for expansion plans.
MasterBeef Group has successfully raised an additional $620,000 through the partial exercise of its underwriter's over-allotment option, selling 155,000 ordinary shares at $4.00 each. This follows their recent Nasdaq Capital Market listing under ticker symbol MB which began trading on April 10.
This transaction represents a positive sign that there was sufficient market demand beyond the initial offering allocation. The partial nature of the exercise (rather than full) suggests moderate rather than exceptional demand, but still demonstrates market confidence in this Hong Kong-based restaurant group specializing in Taiwanese hotpot and barbecue.
The company has outlined a strategic capital allocation plan for these proceeds, focusing on five key growth initiatives: restaurant network expansion both directly and through franchising across Hong Kong and Southeast Asia; marketing and branding campaigns; diversification into packaged food products; technology improvements for operations; and general corporate development.
This capital raise strengthens MasterBeef's balance sheet and provides enhanced financial flexibility to execute its expansion strategy. The successful completion of this over-allotment exercise provides additional working capital in what remains a challenging market for restaurant businesses. The company's multi-pronged approach to growth—combining physical expansion, product diversification, and technology enhancement—reveals a comprehensive strategy to scale beyond its current operations.
Hong Kong, May 16, 2025 (GLOBE NEWSWIRE) -- MasterBeef Group (the “Company”), a full-service restaurant group in Hong Kong, specializing in Taiwanese hotpot and Taiwanese barbecue, today announced today that it has issued an additional 155,000 ordinary shares (the "Ordinary Shares") at a price of US
The Company expects to use the net proceeds from the Offering and the exercise of the over-allotment option for (i) the expansion of its restaurant network through the establishment of new restaurant outlets and its franchising endeavors in Hong Kong and overseas including Singapore and other Southeast Asian countries; (ii) its marketing and branding campaigns, including marketing and promotional activities to further expand its customer base and strengthen its brands; (iii) the production and sale of semi-finished food products such as packaged hotpot soup base and marinated food products; (iv) the investment in technology solutions for table service, inventory management and order processing, and the upgrade of the IT systems in its restaurant outlets; and (v) general corporate purposes that are beneficial in developing the business and its strategic direction.
Dominari Securities LLC acted as the lead underwriter for the Offering and Revere Securities LLC acted as a co-underwriter. Schlueter & Associates, P.C. acted as U.S. securities counsel to the Company, and Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to the underwriters in connection with the Offering.
A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) (File Number: 333-283142) and was declared effective by the SEC on March 31, 2025. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the prospectus relating to the Offering may be obtained, when available, from Dominari Securities LLC, 725 Fifth Avenue, 23rd Floor, New York, NY 10022, or by email at investmentbanking@dominarisecurities.com, or by telephone at (212) 393-4500, or Revere Securities LLC, 560 Lexington Avenue, 16th Floor, New York, NY 10022, or by email at contact@reveresecurities.com, or by telephone at (212) 688-2350. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About MasterBeef Group
MasterBeef Group is a full-service restaurant group in Hong Kong, specializing in Taiwanese hotpot and Taiwanese barbecue. The Company, through its Hong Kong Operating Subsidiaries, operates 12 restaurant outlets under the Master Beef and Anping Grill brands. For more information, please visit the Company’s website: masterbeefgroup.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the Registration Statement filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov.
For more information, please contact:
MasterBeef Group
Email: ir@masterbeefgroup.com
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