12:34 PM EDT, 07/16/2025 (MT Newswires) -- Mega Fortune Company (MGRT) shares fell in their Nasdaq debut Wednesday after the company priced its initial public offering of 3.75 million shares at $4 apiece.

The stock was down about 3.8% at $3.85 in recent trading after opening at $3.99.

The company, an Internet of Things solution provider in Hong Kong, said it granted its underwriter a 45-day option to buy up to 562,500 additional shares. The offering is set to close July 17.

Price: 3.85, Change: -0.15, Percent Change: -3.75