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Megan Holdings Limited ( (MGN) ) just unveiled an announcement.
On September 25, 2025, Megan Holdings Limited announced the pricing of its initial public offering (IPO), selling 1,250,000 ordinary shares at $4.00 per share, with a 45-day option for underwriters to purchase additional shares to cover over-allotments. The shares were approved for listing on the Nasdaq Capital Market and began trading under the ticker symbol ‘MGN’ on September 26, 2025. The company closed the offering on September 29, 2025, receiving gross proceeds of approximately $5 million. The proceeds are intended for sales and marketing, expansion through mergers and acquisitions, development of a ‘Smart Farming System,’ and general corporate purposes. This IPO marks a significant step for Megan Holdings in enhancing its market presence and operational capacity.
More about Megan Holdings Limited
Megan Holdings Limited is a Malaysia-based company primarily involved in the development, construction, and maintenance of aquaculture farms and related services. Since its inception in 2020, Megan has established itself as a trusted provider of shrimp farm maintenance services in Malaysia, offering design and development assistance for new farms, including a shrimp hatchery center and a large shrimp farm in Sabah. The company also provides sourcing of building materials and machinery rentals, positioning itself as a comprehensive service provider for aquaculture and agriculture needs.
Average Trading Volume: 7,979,342
Find detailed analytics on MGN stock on TipRanks’ Stock Analysis page.