Mega Fortune Company Completes Successful $15 Million IPO Launch

Author: Logan Wright Updated: 07-17-2025 04:47 PM

Mega Fortune Company Completes Successful IPO

Mega Fortune Company Limited (the "Company" or "MGRT"), a prominent Internet of Things (IoT) solution provider, has successfully completed its initial public offering (IPO), raising $15 million. The offering consisted of 3,750,000 ordinary shares priced at $4.00 each. Additionally, the Company has provided the underwriters with an option to acquire up to 562,500 additional shares at the same price, potentially enhancing the total proceeds of this endeavor.

Trading on Nasdaq Begins

Shortly after the closure of the IPO, which took place recently, trading officially commenced on The Nasdaq Capital Market under the ticker symbol "MGRT." This listing represents a significant milestone for Mega Fortune Company Limited as it aims to strengthen its position in the rapidly evolving IoT sector.

Details of the Offering

The $15 million raised will help fund key initiatives and advancements in technology that the Company is implementing through its subsidiary, QBS System Limited. This offering was executed on a firm commitment basis, with D. Boral Capital LLC acting as the sole book-running manager. QBS System, as an established entity in the IoT market, boasts a robust portfolio that primarily focuses on delivering comprehensive IoT solutions across multiple industries.

Strategic Objectives and Services

With this new influx of capital, Mega Fortune Company Limited is well positioned to accelerate its service delivery, focusing on IoT Integration Solutions, Maintenance, Support services, and Business Process Outsourcing (BPO). These services are tailored to assist enterprises with digital transformation, facilitating IoT initiatives, and upgrading existing applications. The Company's ambitious vision is to emerge as the premier choice for IoT solutions within the Asia-Pacific region.

Regulatory Compliance and Future Growth

A registration statement on Form F-1 was filed with the U.S. Securities and Exchange Commission (SEC), which became effective on June 30. The final prospectus detailing the offering was made available shortly thereafter. The Company strictly adheres to all regulatory requirements in its operations and future endeavors, ensuring they are well-prepared for the next steps in their growth journey.

Contact Information for Investors

For those interested in learning more about Mega Fortune Company Limited, inquiries can be directed to their team through the contact information provided. Prospective investors and customers can reach out via phone at +852 5627 5338 or email at priscilla.cheng@megafortune-group.com.

Frequently Asked Questions

What is Mega Fortune Company Limited?

Mega Fortune Company Limited is an Internet of Things solution provider focused on delivering comprehensive IoT solutions and services across various sectors.

When did the IPO occur?

The IPO closed recently, marking a significant financial milestone for the company.

What are the proceeds from the IPO used for?

The funds are primarily aimed at enhancing IoT service delivery, supporting technological advancements, and facilitating digital transformations for enterprises.

What stock exchange is MGRT listed on?

MGRT is listed on The Nasdaq Capital Market, making it accessible for investors focused on technology stocks.

How can investors contact Mega Fortune Company for inquiries?

Investors can contact Mega Fortune Company at +852 5627 5338 or email them at priscilla.cheng@megafortune-group.com.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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