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The IPO Buzz: Hong Kong’s K-Tech Solutions & Mega Fortune Each Price at $4

Wednesday, July 16, 2025 8:41

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From Hong Kong to New York: K-Tech Solutions Co. Ltd. (KMRK) and Mega Fortune Co. Ltd. (MGRT) each priced their small IPOs at $4.00 – the assumed IPO price for K-Tech and the low end of the range for Mega Fortune – on Tuesday night, July 15, 2025. Both are based in Hong Kong. Each company is profitable, according to its prospectus. Shares of K-Tech Solutions (KMRK) and Mega Fortune (MGRT) are expected to start trading today – Wednesday, July 16, 2025 – on the NASDAQ. American Trust Investment Services was the sole book-runner of K-Tech’s IPO. D. Boral Capital (ex-EF Hutton) was the sole book-runner of Mega Fortune’s IPO. Pricing details below: K-Tech Solutions (KMRK) trimmed its IPO at pricing to 1.6 million shares – down from 2.0 million shares in the prospectus – and priced the deal at $4.00 to raise $6.4 million on Tuesday night, July 15, 2025. Market Cap: $66.4 million. K-Tech Solutions specializes in the design, development, testing and sale of educational toys and learning kits for infants and pre-school children. The company is incorporated in the British Virgin Islands. For the 12 months that ended Sept. 30, 2024, K-Tech Solutions earned net income of $0.91 million on revenue of $19.32 million. Mega Fortune Co. Ltd. (MGRT) priced 3.75 million shares – the number of shares in the prospectus – at $4.00 – the low end of its $4.00-to-$5.00 range – to raise $15.0 million on Tuesday night, July 15, 2025. Market Cap: $61.88 million. Mega Fortune is the parent of QBS System Limited, a Hong Kong-based provider of IoT (Internet of Things) solutions and services. Its clientele includes companies in the retail and entertainment sectors as well as those involved in manufacturing logistics and transportation. The company is incorporated in the Cayman Islands. For the 12 months that ended Sept. 30, 2024, Mega Fortune earned net income of $0.4 million on revenue of $3.33 million for the 12 months that ended Sept. 30, 2024 (in U.S. dollars converted from Hong Kong dollars) (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.

Source: https://www.iposcoop.com/the-ipo-buzz-hong-kongs-k-tech-solutions-mega-fortune-each-price-at-4/

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