Mega Fortune, which provides Internet of Things solutions and services to businesses in the APAC region, raised $15 million by offering 3.8 million shares at $4, the low end of the range of $4 to $5.
Through its operating subsidiary, the company specializes in delivering comprehensive Internet of Things (IoT) solutions and services across various industries, with a vision to become the preferred choice for IoT solutions for enterprises and projects in the APAC region. Its business service portfolio includes the provision of IoT Integration Solution Services, IoT Maintenance and Support services, Business Process Outsourcing (BPO) services, and trading sales.
Mega Fortune plans to list on the Nasdaq under the symbol MGRT. D. Boral Capital acted as sole bookrunner on the deal.
