Renaissance Capital logo

Hong Kong-based trading solutions provider mF International prices US IPO at $4.50 midpoint

April 22, 2024

mF International, a Hong Kong-based trading platform provider, raised $8 million by offering 1.7 million shares at $4.50, within the range of $4 to $5. The company offered 0.1 million more shares than anticipated.

Operating through three Hong Kong subsidiaries, principally m-FINANCE, mF International develops and provides financial trading solutions to customers via internet or SaaS platform. The company states that m-FINANCE's trading platform currently handles a monthly average transaction value of more than $100 billion. Substantially all of the company's operations are conducted in Hong Kong.

mF International plans to list on the Nasdaq under the symbol MFI. Joseph Stone Capital acted as sole bookrunner on the deal.