Megan Holdings Limited Sets Price for $5 Million IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 25 2025
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Source: Newsfilter
Initial Public Offering Announcement: Megan Holdings Limited, a Malaysia-based aquaculture company, has priced its initial public offering at $4.00 per share, offering 1,250,000 ordinary shares, with an option for underwriters to purchase an additional 187,500 shares. The shares are set to trade on the Nasdaq under the ticker symbol "MGN" starting September 26, 2025.
Use of Proceeds: The company expects to raise $5 million from the offering, which will be allocated towards sales and marketing, expansion through mergers and acquisitions, development of a "Smart Farming System," and general corporate purposes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
