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The IPO Buzz: Enigmatig (EGG) Scores a Moonshot in NYSE-AmEx Debut

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Souffle, anyone?  Enigmatig (EGG), a Hong Kong cross-border licensing consultant, popped up to $13.34 – up $8.34 from the stock’s $5.00 IPO price – to score a moonshot in its NYSE – American Exchange (NYSE – AmEx) debut today (Wednesday, June 18, 2025). Enigmatig’s stock touched  its  intraday high at around 10:47 a.m. EDT today – Wednesday, June 18, 2025 – and slid to trade at $8.60 at around noon EDT today. Enigmatig Limited trimmed its IPO at pricing to 2.85 million shares – down from 3.75 million shares in the prospectus – and priced the deal at $5.00 – the top of its $4.00-to-$5.00 price range – on Tuesday night, June 17, 2025. At pricing,  Enigmatig had a market cap of $139.23 million. Prime Number Capital was the sole book-runner. Enigmatig provides “one-stop cross-border licensing solutions and related services,” according to the prospectus. Most of its clients are headquartered in the Asia-Pacific region, primarily Hong Kong, Malaysia, Thailand and mainland China. The company also serves clients in the United Arab Emirates (UAE). Enigmatig serves its clients through global offices in four cities – Singapore, Hong Kong, Shanghai and London – as well as from a desk in Bangkok, Thailand, the prospectus said. The company generates income mostly from fees for helping clients obtain or renew brokerage licenses and other financial licenses in London, Cyprus and Belize as well as in other locales, the prospectus said. Enigmatig also helps its clients comply with license requirements. Enigmatig is profitable: Net income of $821,192 on revenue of $3.97 million for the fiscal year that ended Sept. 30, 2024 – down from the year-earlier net income of $1,134,436 on revenue of $4.61 million for the fiscal year that ended Sept. 30, 2023, according to the prospectus.


Source: https://www.iposcoop.com/the-ipo-buzz-enigmatig-egg-scores-a-moonshot-in-nyse-amex-debut/



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