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Hong Kong-based Magic Empire Global prices US IPO at $4

August 5, 2022

Magic Empire Global, a Hong Kong-based provider of financial advisory and underwriting services, raised $20 million by offering 5 million shares at $4.

Doing business as Giraffe Capital, Magic Empire Global principally engages in the provision of corporate finance advisory services and underwriting services. The company's offerings include IPO sponsorship services, financial advisory services, compliance advisory services, and underwriting services. For the years ended December 31, 2021 and 2020, Magic Empire engaged in 6 IPO sponsorship projects, 31 financial advisory projects, 24 compliance advisory projects, and 3 underwriting projects.

Magic Empire Global plans to list on the Nasdaq under the symbol MEGL. Network 1 Financial Securities acted as sole bookrunner on the deal.