IPO - mF International Ltd

Form Type: 20-F

Filing Date: 2025-04-23

Corporate Action: Ipo

Type: New

Accession Number: 000164117225005839

Filing Summary: mF International Limited, incorporated in the British Virgin Islands, has conducted a significant initial public offering (IPO) on April 24, 2024, issuing 1,666,667 ordinary shares at a price of $4.50 per share, generating net proceeds of approximately $5.7 million. The share structure underwent changes due to a share split on August 11, 2023, increasing the amount of outstanding shares significantly. Subsequent to the IPO, the class designations of shares held by major shareholders were modified, with Gaderway Investments Limited's holdings transforming into 'Class B Ordinary Shares' which carry 20 votes each, while the remaining shares were classified as 'Class A Ordinary Shares' with one vote each. This structure aims to reinforce control among existing shareholders while facilitating broader market access through the IPO process.