The IPO Buzz: Ming Shing Group (MSW) Prices Micro-IPO at $5.50 – Low End

Ming Shing Group Holdings (MSW), a plastering and wet trades works services provider in Hong Kong, priced its micro-cap IPO at $5.50 – the low end of its range – on Thursday night, Nov. 21, 2024. Ming Shing Group priced 1.5 million shares – the number of shares in the prospectus – at $5.50 per share to raise $8.25 million on Thursday night, Nov. 21, 2024. Shares of Ming Shing Group are expected to start trading today – Friday, Nov. 22, 2024 – on the NASDAQ. Alexander Capital and Revere Securities served as the joint book-runners. In addition to plastering, Ming Shing Group is involved in tile laying, brick laying, floor screeding and marble work, according to the prospectus. The company, founded in 2012, is profitable. For the year that ended March 31, 2024, Ming Shing Group Holdings reported net income of $2.33 million on revenue of $27.57 million, according to financial statements in the prospectus. (For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com  website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.