Singapore, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Magnitude International Ltd (the “Company” or “Magnitude”) (Nasdaq: MAGH), an electrical installation service provider based in Singapore, today announced the pricing of its initial public offering (the “Offering”) of an aggregate of 2,200,000 ordinary shares at a public offering price of $4.00 per share, for total gross proceeds of $8.8 million, before deducting underwriting discounts and offering expenses. The Company is offering 1,650,000 ordinary shares and an existing shareholder is offering 550,000 ordinary shares. The Company will not receive any proceeds from the sale of ordinary shares by the selling shareholder.
Related Questions
What is the implied valuation of Magnitude International Ltd based on the $4.00 per share price and the total shares outstanding?
How does the pricing of $4.00 per share compare to recent IPOs in the electrical installation services sector in Asia?
What is the expected dilution for existing shareholders after the issuance of 2,200,000 new shares?
What is the size of the public float post‑IPO and how might it affect liquidity and trading volume?
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What is the current market sentiment (Sentiment 30) indicating about investor perception of this IPO?
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