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An announcement from Magnitude International Ltd ( (MAGH) ) is now available.
On August 11, 2025, Magnitude International Ltd announced the pricing of its initial public offering (IPO) of 2,200,000 ordinary shares at $4.00 per share, raising gross proceeds of $8.8 million. The shares began trading on the Nasdaq Capital Market under the symbol ‘MAGH’ on August 12, 2025, and the offering closed on August 13, 2025. The company plans to use the proceeds for expansion, workforce growth, and digital upgrades. The IPO positions Magnitude International Ltd to enhance its market presence and operational capabilities, potentially benefiting stakeholders through strategic growth initiatives.
More about Magnitude International Ltd
Magnitude International Ltd is a Singapore-based company specializing in electrical installation services for both private and public sectors. Established in 2012, the company offers services such as the installation of generators, transformers, and solar panel systems, acting primarily as the main electrical contractor in construction projects.
For a thorough assessment of MAGH stock, go to TipRanks’ Stock Analysis page.