Magic Empire Global Limited reports developments tied to its Hong Kong financial services business, including corporate finance advisory, IPO sponsorship, financial and independent financial advisory, compliance advisory, underwriting, and corporate services. The company’s updates also cover operating results, Nasdaq Capital Market listing compliance, and capital actions involving ordinary shares.
MEGL news has included its Nasdaq IPO, the addition of corporate services such as accounting and financial reporting advisory, company secretarial services, and internal control enhancement, a share repurchase authorization, a special interim dividend, and the resolution of a Nasdaq minimum bid price compliance matter.
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Magic Empire Global Limited (Nasdaq: MEGL) has successfully closed its initial public offering (IPO) of 5,000,000 ordinary shares at $4.00 each, raising $20 million in gross proceeds. The shares began trading on Nasdaq on August 5, 2022. The offering was conducted on a firm commitment basis, with Network 1 Financial Securities, Inc. serving as the lead underwriter. The SEC declared the registration statement effective on August 4, 2022, and the final prospectus was filed the following day, with further information accessible via the SEC's website.
Magic Empire Global Limited (MEGL) has priced its initial public offering (IPO) at $4.00 per share for 5,000,000 ordinary shares, aiming for total gross proceeds of $20 million. The shares are set to begin trading on Nasdaq on August 5, 2022, with the offering expected to close around August 9, 2022, pending customary conditions. Network 1 Financial Securities, Inc. is the lead underwriter. A registration statement has been filed with the SEC, and a final prospectus will be available through the underwriter and the SEC's website.