Mega Fortune Company Limited’s Quiet Period To Expire Tomorrow (NASDAQ:MGRT)

Mega Fortune’s (NASDAQ:MGRT) quiet period is set to expire on Monday, August 25th. Mega Fortune had issued 3,750,000 shares in its IPO on July 16th. The total size of the offering was $15,000,000 based on an initial share price of $4.00. During Mega Fortune’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Mega Fortune Stock Up 4.1%

Shares of NASDAQ MGRT opened at $3.33 on Friday. Mega Fortune has a 52 week low of $1.50 and a 52 week high of $4.00.

About Mega Fortune

We are a holding company incorporated as an exempted company with limited liability in the Cayman Islands. Our ordinary shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our business through our operating subsidiary in Hong Kong.