Magnitude International Ltd Announces Closing of Initial Public Offering
Magnitude International Ltd (Nasdaq: MAGH), a Singapore-based electrical installation service provider, has successfully completed its initial public offering. The company raised US$8.8 million through the sale of 2,200,000 ordinary shares at US$4.00 per share.
Of the total shares offered, 1,650,000 were sold by the company, while selling shareholder XJL International Ltd sold 550,000 shares. Trading commenced on the Nasdaq Capital Market on August 12, 2025, under the ticker symbol "MAGH". Bancroft Capital, LLC served as the sole underwriter for this firm commitment offering.
Magnitude International Ltd (Nasdaq: MAGH), fornitore di servizi di installazione elettrica con sede a Singapore, ha completato con successo la sua offerta pubblica iniziale. La societ脿 ha raccolto US$8.8 million mediante la vendita di 2,200,000 azioni ordinarie a US$4.00 per azione.
Delle azioni offerte, 1,650,000 sono state vendute dalla societ脿, mentre l'azionista venditore XJL International Ltd ha ceduto 550,000 azioni. Le negoziazioni sono iniziate sul Nasdaq Capital Market il 12 agosto 2025, con il simbolo "MAGH". Bancroft Capital, LLC ha agito come unico sottoscrittore per questa offerta a impegno fermo.
Magnitude International Ltd (Nasdaq: MAGH), proveedor con sede en Singapur de servicios de instalaci贸n el茅ctrica, ha completado con 茅xito su oferta p煤blica inicial. La compa帽铆a recaud贸 US$8.8 million mediante la venta de 2,200,000 acciones ordinarias a US$4.00 por acci贸n.
De las acciones ofrecidas, 1,650,000 fueron vendidas por la compa帽铆a, mientras que la accionista vendedora XJL International Ltd vendi贸 550,000 acciones. Las negociaciones comenzaron en el Nasdaq Capital Market el 12 de agosto de 2025, bajo el s铆mbolo "MAGH". Bancroft Capital, LLC actu贸 como 煤nico suscriptor para esta oferta con compromiso firme.
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瓿惦霅� 齑� 欤检嫕 欷� 1,650,000欤茧姅 須岇偓臧� 韺愲Г頄堨溂氅�, 毵る弰 欤检＜ XJL International Ltd電� 550,000欤�毳� 毵り皝頄堨姷雼堧嫟. 瓯半灅電� 2025雲� 8鞗� 12鞚� Nasdaq Capital Market鞐愳劀 鞁滌瀾霅橃棃鞙茧┌, 韹办护電� "MAGH"鞛呺媹雼�. Bancroft Capital, LLC電� 鞚� 頇曥爼 鞚胳垬順� 瓿惦鞚� 雼弲 鞚胳垬鞚胳溂搿� 彀胳棳頄堨姷雼堧嫟.
Magnitude International Ltd (Nasdaq: MAGH), prestataire de services d'installation 茅lectrique bas茅 脿 Singapour, a men茅 脿 bien son introduction en bourse. La soci茅t茅 a lev茅 US$8.8 million par la vente de 2,200,000 actions ordinairesUS$4.00 par action.
Sur l'ensemble des actions offertes, 1,650,000 ont 茅t茅 vendues par la soci茅t茅, tandis que l'actionnaire vendeur XJL International Ltd a c茅d茅 550,000 actions. Les op茅rations ont d茅but茅 sur le Nasdaq Capital Market le 12 ao没t 2025, sous le symbole "MAGH". Bancroft Capital, LLC est intervenu comme seul souscripteur pour cette offre en engagement ferme.
Magnitude International Ltd (Nasdaq: MAGH), ein in Singapur ans盲ssiger Anbieter von Elektroinstallationsdiensten, hat seinen B枚rsengang erfolgreich abgeschlossen. Das Unternehmen hat US$8.8 million durch den Verkauf von 2,200,000 StammaktienUS$4.00 pro Aktie eingenommen.
Von den angebotenen Aktien wurden 1,650,000 vom Unternehmen verkauft, w盲hrend der verkaufende Aktion盲r XJL International Ltd 550,000 Aktien ver盲u脽erte. Der Handel begann am Nasdaq Capital Market am 12. August 2025 unter dem Tickersymbol "MAGH". Bancroft Capital, LLC fungierte als alleiniger Underwriter dieses Festverpflichtungsangebots.
- Successfully raised US$8.8 million through IPO
- Achieved Nasdaq Capital Market listing, providing access to broader investor base
- 75% of offered shares (1,650,000) were primary shares, providing direct capital to company
- Relatively small IPO size of US$8.8 million may limit institutional investor interest
- 25% of shares (550,000) sold by existing shareholder, providing no proceeds to company
Insights
Singapore-based Magnitude International Ltd successfully completed its IPO raising $8.8M at $4 per share, now trading on Nasdaq.
Magnitude International Ltd (Nasdaq: MAGH) has successfully completed its initial public offering, marking a significant milestone for this Singapore-based electrical installation service provider. The company raised
The offering structure reveals important details about capital allocation and ownership transitions. Of the total shares sold, 1.65 million were newly issued by Magnitude, generating
The firm commitment underwriting approach used for this IPO is noteworthy, as it indicates Bancroft Capital assumed the full risk of selling these shares to the public. This underwriting structure typically provides more certainty for the issuing company compared to best-efforts arrangements, suggesting reasonable confidence in market demand for this offering.
While the
SINGAPORE, Aug. 13, 2025 (GLOBE NEWSWIRE) -- August 13, 2025 鈥� Magnitude International Ltd (the 鈥淐ompany鈥� or 鈥淢agnitude鈥�) (Nasdaq: MAGH), an electrical installation service provider based in Singapore, today announced the closing of its initial public offering (the 鈥淥ffering鈥�) of 2,200,000 ordinary shares at a public offering price of US
The ordinary shares began trading on the Nasdaq Capital Market on August 12, 2025 under the ticker symbol 鈥淢AGH.鈥�
The Offering was conducted on a firm commitment basis. Bancroft Capital, LLC acted as sole underwriter for the Offering. Concord & Sage PC acted as U.S. legal counsel to the Company, and Taft Stettinius & Hollister LLP acted as U.S. legal counsel to Bancroft Capital, LLC, in connection with the Offering.
A registration statement on Form F-1 relating to the Offering was filed with the Securities and Exchange Commission (the 鈥淪EC鈥�) (File Number: 333-287609), as amended, and was declared effective by the SEC on July 30, 2025. The Offering was made only by means of a prospectus forming a part of the registration statement. Electronic copies of the final prospectus relating to the Offering may be obtained by visiting the SEC鈥檚 website located at聽聽or by contacting Bancroft Capital, LLC, 501 Office Center Drive, Suite 130, Fort Washington, PA 19034, Attention: Jason Diamond, by email:聽 or by telephone at +1 (484) 546-8000.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company鈥檚 securities, nor shall there be any offer, solicitation or sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Magnitude International Ltd
Magnitude International Ltd is a Singapore-based electrical installation service provider to both the private and public sectors. Founded in 2012, the Company has over 12 years of experience in providing services such as the installation of generators, transformers, and various types of alteration and addition works, including the rewiring and installation of solar panel systems. The Company primarily acts as the main electrical contractor in construction projects and has participated in a range of greenfield and brownfield electrical installation projects. Its mission is to become one of the leading integrated one-stop electrical installation services providers in Singapore, and to add value to all stakeholders by ensuring that all buildings serviced by the Company are safe, functional and energy efficient.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company鈥檚 current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渁im,鈥� 鈥渆stimate,鈥� 鈥減otential,鈥� 鈥渋ntend,鈥� 鈥減lan,鈥� 鈥渂elieve,鈥� 鈥渓ikely to鈥� or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company鈥檚 registration statement and other filings with the SEC.
For more information, please contact:
Magnitude International Ltd
Mr. Lim Say Wei
Email
Underwriter Contact:
Bancroft Capital, LLC,
501 Office Center Drive, Suite 130
Fort Washington, PA 19034
贰尘补颈濒:听
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