MediaOn Group, which provides digital marketing and advertising solutions to Hong Kong companies, raised the proposed deal size for its upcoming IPO on Wednesday.
The Hong Kong-based company now plans to raise $30 million by offering 5.9 million shares (49% secondary) at a price range of $4 to $6. The company had previously filed to offer 3.9 million shares (49% secondary) at the same range. At the midpoint, MediaOn Group will raise 51% more in proceeds than previously anticipated and command a market cap of $115 million (+5% versus previous terms).
MediaOn's offerings include three main business groups: Marketing Campaign, Media Rebates, and Media Placement. The company has completed over 3,000 campaigns across sectors such as finance, retail, and technology. It secures media rebates ranging from 5% to 30% of qualifying advertising expenditures through proprietary platforms like WeShare.hk and Sodainsight that deliver influencer marketing, social listening, and interactive digital solutions. It also collaborates in a joint venture to enhance large-scale event production services for brand owners, PR agencies, and third-party marketing firms.
MediaOn Group was founded in 2011 and booked $2 million in revenue for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol MEON. Joseph Stone Capital is the sole bookrunner on the deal.
