MAGH Ipo

Magnitude International Ltd Announces Closing of Initial Public Offering

Published August 14, 2025 at 02:55 AM

SINGAPORE, Aug. 13, 2025 (GLOBE NEWSWIRE) -- August 13, 2025 – Magnitude International Ltd (the “Company” or “Magnitude”) (Nasdaq: MAGH), an electrical installation service provider based in Singapore, today announced the closing of its initial public offering (the “Offering”) of 2,200,000 ordinary shares at a public offering price of US$4.00 per ordinary share for total gross proceeds of US$8.8 million, before deducting underwriting discounts and offering expenses. The Company sold 1,650,000 ordinary shares and a selling shareholder, XJL International Ltd, sold 550,000 ordinary shares. The Company did not receive any proceeds from the sale of ordinary shares by the selling shareholder.

Related Questions

What is the pricing rationale behind the $4.00 offer price and how does it compare to recent comparable IPOs in the electrical installation sector? What are the key financial metrics (revenue, EBITDA, margin) that the company highlighted in its IPO prospectus and how do they compare to peers? Are there any lock‑up agreements for the selling shareholder's 550,000 shares that could influence future supply and price volatility? What is the anticipated post‑IPO trading liquidity and average daily volume for MAGH shares? How does the market's demand for the 2.2 million shares (e.g., order book depth, oversubscription) reflect investor sentiment toward the offering? What potential upside or downside scenarios does the management outline for the next 12‑24 months? Are there any sector‑specific risks (e.g., regulatory changes, supply chain constraints) that could impact MAGH's performance post‑IPO? What is the expected impact of the IPO on the stock's price volatility and bid‑ask spread in the initial trading days? How will the presence of a selling shareholder (XJL International Ltd) affect the perception of insider confidence in the company? What are the projected valuation multiples (P/E, EV/EBITDA) post‑IPO and how do they align with industry averages? How will the IPO proceeds be allocated and what impact will that have on the company's growth trajectory? What is the expected dilution for existing shareholders and how might that affect earnings per share?