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Masonglory Limited (NASDAQ:MSGY), a Hong Kong-based subcontractor specializing in wet trades and related ancillary services, has successfully completed its Initial Public Offering (IPO). The company sold 1,500,000 ordinary shares at $4.00 per share, raising total gross proceeds of $6,000,000.
Trading commenced on the Nasdaq Capital Market on July 8, 2025. The underwriter, D. Boral Capital LLC, has a 45-day option to purchase up to 225,000 additional shares. The net proceeds will be allocated across workforce expansion (15%), machinery acquisition (15%), project portfolio diversification (15%), marketing efforts (15%), and working capital (40%).
Masonglory Limited (NASDAQ:MSGY), a Hong Kong-based subcontractor specializing in wet trades and related ancillary services, has announced the pricing of its initial public offering of 1.5 million ordinary shares at $4.00 per share.
The company expects to raise gross proceeds of approximately $6 million before deducting underwriting costs. Trading is set to begin on July 8, 2025, under the symbol "MSGY" on the Nasdaq Capital Market. The underwriters have a 45-day option to purchase up to 225,000 additional shares.
The net proceeds will be allocated across five key areas: 15% each for workforce expansion, machinery acquisition, project portfolio diversification, and marketing efforts, with the remaining 40% designated for working capital and general corporate purposes.
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