From Hong Kong to New York: K-Tech Solutions Co. Ltd. (KMRK) and Mega Fortune Co. Ltd. (MGRT) each priced their small IPOs at $4.00 – the assumed IPO price for K-Tech and the low end of the range for Mega Fortune – on Tuesday night, July 15, 2025. Both are based in Hong Kong. Each company is profitable, according to its prospectus.
K-Tech Solutions (KMRK) shares opened at $4.48 – up 48 cents from the IPO price – at 11:10 a.m. EDT today – Wednesday, July 16, 2025 – on the NASDAQ. K-Tech Solutions’ stock ended its first day of NASDAQ trading at $4.95 – up 95 cents or up 23.75 percent from its IPO price. During its first day of NASDAQ trading, K-Tech Solutions (KMRK) traded between a session low of $4.10 and a session high of $5.50 on NASDAQ volume of about 2.4 million shares.
Mega Fortune (MGRT) shares dipped to $3.99 – down 1 penny from the IPO price – when they started trading at 11:17 a.m. EDT today – Wednesday, July 16, 2025 – on the NASDAQ. At the closing bell, Mega Fortune’s stock was at $3.81 – down 19 cents or off 4.75 percent from its $4.00 IPO price.
American Trust Investment Services was the sole book-runner of K-Tech’s IPO.
D. Boral Capital (ex-EF Hutton) was the sole book-runner of Mega Fortune’s IPO.
Pricing details below:
K-Tech Solutions (KMRK) trimmed its IPO at pricing to 1.6 million shares – down from 2.0 million shares in the prospectus – and priced the deal at $4.00 to raise $6.4 million on Tuesday night, July 15, 2025. Market Cap: $66.4 million.
K-Tech Solutions specializes in the design, development, testing and sale of educational toys and learning kits for infants and pre-school children. The company is incorporated in the British Virgin Islands.
For the 12 months that ended Sept. 30, 2024, K-Tech Solutions earned net income of $0.91 million on revenue of $19.32 million.
Mega Fortune Co. Ltd. (MGRT) priced 3.75 million shares – the number of shares in the prospectus – at $4.00 – the low end of its $4.00-to-$5.00 range – to raise $15.0 million on Tuesday night, July 15, 2025. Market Cap: $61.88 million.
Mega Fortune is the parent of QBS System Limited, a Hong Kong-based provider of IoT (Internet of Things) solutions and services. Its clientele includes companies in the retail and entertainment sectors as well as those involved in manufacturing logistics and transportation. The company is incorporated in the Cayman Islands.
For the 12 months that ended Sept. 30, 2024, Mega Fortune earned net income of $0.4 million on revenue of $3.33 million for the 12 months that ended Sept. 30, 2024 (in U.S. dollars converted from Hong Kong dollars)
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
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