Stevenson, Wong & Co., acted as the Hong Kong legal advisers to Network 1 Financial Securities, Inc., the lead underwriter of Magic Empire Global Limited(NASDAQ: MEGL) (“Magic Empire”) on its successful listing on the Nasdaq Capital Market on 5 August 2022. Magic Empire offered a total of 5,000,000 Ordinary Shares, priced at US$4.00 per share. The aggregate gross proceeds from the Offering was US$20 million.
Magic Empire provides corporate finance advisory and underwriting services in Hong Kong. They specialize in services for IPO sponsorship, financial advisory and independent financial advisory, compliance advisory, and general underwriting. Their business was licensed to undertake Type 1 (Dealing in securities) regulated activity and Type 6 (Advising on corporate finance) regulated activity under the Securities and Future Ordinance. With a diverse and solid base of clients, Magic Empire has, since 2016, completed an array of projects, including 8 IPO projects acting as the sole sponsor to the listing applicants engaged in other service areas.
Our Partners, Mr. Hank Lo, Mr. Gordon Tsang, and Associate Mr. Bun Chan, acted as the Hong Kong legal counsel for the underwriter in the Nasdaq Listing.
Please contact Mr. Hank Lo or Mr. Gordon Tsang for any enquiries or further information about this transaction.