NEWS
mF International Limited (Nasdaq: MFI), a Hong Kong-based financial trading solution provider, today announced the closing of its initial public offering of 1,666,667 ordinary shares at a public offering price of $4.50 per ordinary share.
The ordinary shares began trading on the Nasdaq Capital Market on April 22, 2024 under the ticker symbol “MFI.”
The company received aggregate gross proceeds of $7,500,001.5 from the IPO, before deducting underwriting discounts and other related expenses. In addition, the company has granted the underwriter a 45-day option to purchase up to an additional 250,000 ordinary shares at the public offering price, less underwriting discounts.
Proceeds from the IPO will be used for expanding service capacity and general working capital, according to the company.
The IPO was conducted on a firm commitment basis. Joseph Stone Capital, LLC acted as the underwriter for the offering. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to the Company, and Pryor Cashman LLP acted as U.S. counsel to Joseph Stone Capital, LLC in connection with the offering.
