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HomeMing Shing Group to IPO on November 4th.

Ming Shing Group to IPO on November 4th.

Ming Shing Group Holdings (MSW) expects to raise $10 million in an initial public offering on the week of November 4th, IPO Scoop reports. The company will be issuing 1,500,000 shares at a price of $5.50-$7.50 per share. In the last 12 months, Ming Shing Group Holdings generated $27.6 million in revenue and $2.3 million [...]

Ming Shing Group Holdings made $27.6 million in revenue and $2.3 million in net income over the last year, with a market cap of $82.9 million.

Alexander Capital and Revere Securities were the underwriters for its IPO.

The company aims to be the top provider of wet trades services in Hong Kong, offering services like plastering, tile laying, and marble works. It is registered in the Cayman Islands and operates through its Hong Kong subsidiaries. According to a report, it held a 0.4% market share in 2021. The company focuses on both public and private sector projects.

Ming Shing Group Holdings submitted a new IPO plan on August 28, 2024, aiming to sell 1.5 million shares priced between $5.50 and $7.50, looking to raise $9.75 million. Recent updates include shifting underwriters and adjusting share counts and price ranges for their offering.

Founded in 2012, the company has 24 employees and is based in Kowloon, Hong Kong. You can contact them at +852 2370 3788 or visit their website at ms100.com.hk.

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