Initial Public Offering
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McKinley Acquisition Corp Announces Pricing of $150 Million Initial Public Offering
Globenewswire· 2025-08-11 23:04
Group 1 - The Company, McKinley Acquisition Corporation, has priced its initial public offering (IPO) at $10.00 per unit, offering a total of 15,000,000 units [1] - Each unit consists of one Class A ordinary share and one right, with each right entitling the holder to receive one-tenth (1/10) of a Class A ordinary share upon the completion of the Company's initial business combination [1] - The units are expected to begin trading on the Nasdaq Global Market under the symbol "MKLYU" starting August 12, 2025, with separate trading for Class A ordinary shares and rights under the symbols "MKLY" and "MKLYR," respectively [1] Group 2 - The Company was established to pursue various forms of business combinations, including mergers, amalgamations, and asset acquisitions, across any industry [2] - Clear Street LLC is the sole book-running manager for the offering, while Brookline Capital Markets acts as co-manager [3] - The Company has granted underwriters a 45-day option to purchase up to 2,250,000 additional units at the IPO price to cover over-allotments [3]
Magnitude International Ltd Announces Pricing of Initial Public Offering
Globenewswire· 2025-08-11 21:45
Company Overview - Magnitude International Ltd is an electrical installation service provider based in Singapore, founded in 2012, with over 12 years of experience in the industry [7] - The company specializes in the installation of generators, transformers, and solar panel systems, acting as the main electrical contractor in various construction projects [7] - Magnitude aims to become a leading integrated one-stop electrical installation services provider in Singapore, focusing on safety, functionality, and energy efficiency of buildings [7] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 2,200,000 ordinary shares at a public offering price of $4.00 per share, totaling gross proceeds of $8.8 million [1] - The offering includes 1,650,000 shares from the company and 550,000 shares from an existing shareholder, with the company not receiving proceeds from the latter [1] - The ordinary shares are expected to begin trading on the Nasdaq Capital Market under the symbol "MAGH" on August 12, 2025, with the offering expected to close on or about August 13, 2025 [2] Use of Proceeds - The net proceeds from the offering will be used for several purposes, including: - Expansion and growth through strategic acquisitions, joint ventures, and alliances [3] - Purchase of materials and expansion of the workforce [3] - Moving to a larger head office and renting a bigger dormitory for foreign workers [3] - Digitalizing systems, upgrading equipment, and investing in software solutions like ERP and HR systems [3] - General working capital and corporate purposes [3] Underwriting and Legal Counsel - Bancroft Capital, LLC is acting as the sole underwriter for the offering [4] - Concord & Sage PC and Taft Stettinius & Hollister LLP are serving as U.S. legal counsel for the company and the underwriter, respectively [4]
DarkIris Inc. Announces Closing of Initial Public Offering
GlobeNewswire News Room· 2025-08-11 20:00
Core Viewpoint - DarkIris Inc. has successfully closed its initial public offering, raising a total of US$6.90 million by offering 1,725,000 Class A ordinary shares at a price of US$4.00 per share, with trading commencing on August 8, 2025 [1][2]. Group 1: Offering Details - The initial public offering consisted of 1,725,000 Class A ordinary shares, including the full exercise of the underwriters' over-allotment option [1]. - The offering price was set at US$4.00 per Class A ordinary share, resulting in gross proceeds of US$6.90 million before expenses [1]. - The offering was conducted on a firm commitment basis, with US Tiger Securities, Inc. serving as the sole book runner [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards expanding the operations team, rewarding existing team members, product development, and general corporate purposes [2]. Group 3: Company Overview - DarkIris Inc. is a technology enterprise based in Hong Kong, focused on the development, publishing, and operation of mobile digital games through various third-party digital storefronts [5]. - The company operates through subsidiaries Quantum Arts Co., Limited and Hongkong Stellar Wisdom Co., Limited, engaging in game design, programming, graphics, and distribution across multiple platforms [5]. - DarkIris aims to leverage the creative and technical expertise of Hong Kong's gaming industry to create a diverse array of engaging mobile game genres for a global audience [5].
Etoiles Capital Group Co., Ltd Announces Closing of Initial Public Offering
Globenewswire· 2025-08-11 15:45
Core Viewpoint - Etoiles Capital Group Co., Ltd has successfully closed its initial public offering, raising a total of US$5.6 million from the sale of 1,400,000 Class A Ordinary Shares at US$4.00 per share, with additional shares available for underwriters to purchase [1][2]. Group 1: Offering Details - The initial public offering consisted of 1,400,000 Class A Ordinary Shares priced at US$4.00 each, with an option for underwriters to purchase an additional 210,000 shares [1]. - The offering was conducted on a firm commitment basis, with Prime Number Capital, LLC serving as the representative underwriter and sole book-runner [3]. - The gross proceeds from the offering amounted to US$5.6 million before deducting underwriting discounts and related expenses [1][2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated towards business expansion, technology infrastructure, strategic marketing, and general corporate purposes [2]. Group 3: Regulatory and Legal Information - A registration statement on Form F-1 was filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on August 7, 2025 [4]. - The final prospectus related to the offering was also filed with the SEC on August 7, 2025, and is available through various channels [4]. Group 4: Company Overview - Etoiles Capital Group operates as a Cayman Islands holding company through its Hong Kong subsidiary, providing integrated financial advisory, capital markets solutions, and IPO consulting services to corporate clients [7].
The Trump administration is planning Fannie Mae, Freddie Mac IPOs, WSJ reports
Yahoo Finance· 2025-08-08 19:50
Market Trends & IPO Plans - The Trump administration plans to take Fannie Mae and Freddie Mac public later this year [1] - The discussed plans involve selling between 5% and 15% of their stock [1] - The potential IPO could value the companies at roughly $500 billion [1] - It's unclear whether the mortgage giants would IPO as one company or two separate entities [1] Financial Implications & Government Control - Fannie Mae and Freddie Mac have been under government control since the 2008 financial crisis [2] - The IPO could potentially raise $30 billion [2] - It's unclear if they will remain under government conservatorship [2]
DarkIris Inc. Announces Pricing of Initial Public Offering
Globenewswire· 2025-08-08 03:40
Core Viewpoint - DarkIris Inc. is launching its initial public offering (IPO) of 1,500,000 Class A ordinary shares at a price of US$4.00 per share, aiming to raise US$6.00 million in gross proceeds, with trading expected to begin on August 8, 2025 under the ticker symbol "DKI" [1]. Group 1: Offering Details - The IPO consists of 1,500,000 Class A ordinary shares priced at US$4.00 each, with an additional option for underwriters to purchase up to 225,000 shares within 45 days [1][2]. - The expected closing date for the Offering is around August 11, 2025, pending customary closing conditions [1]. - The net proceeds from the Offering will be allocated for expanding the operations team, product development, and general corporate purposes [2]. Group 2: Company Overview - DarkIris Inc. is a technology enterprise based in Hong Kong, focused on developing, publishing, and operating mobile digital games through third-party digital storefronts [5]. - The company operates through subsidiaries Quantum Arts Co., Limited and Hongkong Stellar Wisdom Co., Limited, engaging in game design, programming, graphics, and distribution across multiple platforms [5]. - DarkIris aims to leverage the creative and technical expertise of Hong Kong's gaming community to create a diverse range of engaging mobile game genres for a global audience [5].
Etoiles Capital Group Co., Ltd Announces Pricing of US$5.6 million Initial Public Offering
Globenewswire· 2025-08-07 22:36
Core Viewpoint - Etoiles Capital Group Co., Ltd has successfully priced its initial public offering (IPO) of 1,400,000 Class A ordinary shares at $4.00 per share, aiming to raise approximately $5.6 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The IPO is set to commence trading on the Nasdaq Capital Market under the ticker symbol "EFTY" on August 8, 2025 [1]. - The company has granted underwriters a 45-day option to purchase an additional 210,000 Class A ordinary shares at the public offering price [1]. - The expected closing date for the Offering is around August 11, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated towards business expansion, technology infrastructure, strategic marketing, and general corporate purposes [2]. Group 3: Underwriting and Legal Counsel - The Offering was conducted on a firm commitment basis, with Prime Number Capital, LLC serving as the representative underwriter and sole book-runner [3]. - Legal counsel for the company includes Loeb & Loeb LLP for U.S. matters and Ogier for Cayman Islands matters, while Ye & Associates, P.C. provided counsel to the underwriting syndicate [3]. Group 4: Regulatory Filings - A registration statement on Form F-1 was filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on August 7, 2025 [4]. - The final prospectus related to the Offering was also filed with the SEC on the same date and is available through various channels [4]. Group 5: Company Overview - Etoiles Capital Group Co., Ltd is a Cayman Islands holding company operating through its Hong Kong subsidiary, Etoiles Consultancy Limited, providing comprehensive financial advisory and capital markets services [7].
CTW Cayman Announces Closing of Initial Public Offering
Globenewswire· 2025-08-07 20:56
Company Overview - CTW Cayman is a leading game platform company that provides global access to web-based, free-to-play games inspired by popular Japanese animations through its flagship HTML5 platform, G123.jp [6] - The company was recognized as the largest anime IP-based H5 game platform in the world in 2023 in terms of gross billings according to a Frost & Sullivan Report [6] Initial Public Offering (IPO) - CTW announced the closing of its initial public offering of 2,400,000 Class A ordinary shares at a public offering price of $5.00 per share, resulting in gross proceeds of $12.0 million before deductions [1] - The Ordinary Shares began trading on The Nasdaq Capital Market under the ticker symbol "CTW" on August 6, 2025 [1] - The underwriters have an option to purchase an additional 360,000 Ordinary Shares at the initial public offering price within 45 days from the closing of the Offering [2] Legal and Regulatory Information - A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission and was declared effective on July 30, 2025 [4] - The Offering is being made only by means of a prospectus forming part of the registration statement [4] Business Model and Strategy - CTW focuses on providing a comprehensive platform that helps game developers generate revenue from Japanese anime IP by reaching a global player audience [6] - The company shares revenue generated from players' in-game purchases with game developers and offers premium IP content, distribution, and marketing services [6]
X @Bloomberg
Bloomberg· 2025-08-07 08:10
SK Finance, the Indian financing company backed by TPG, is likely to begin taking investor orders its initial public offering by as early as next week after reducing the size of the deal, sources say https://t.co/I7VzSScD3V ...
X @Bloomberg
Bloomberg· 2025-08-06 17:00
French hospitality group Accor is considering a US initial public offering of its lifestyle hotel venture Ennismore https://t.co/6b39wBgKQd ...