On August 13, 2025, Magnitude International Ltd, an electrical installation service provider in Singapore, completed its initial public offering on Nasdaq (MAGH), offering 2,200,000 ordinary shares at a price of US$4.00 per share. This resulted in total gross proceeds of US$8.8 million, not including underwriting discounts and offering expenses. Of the total shares sold, the Company sold 1,650,000 ordinary shares, while the selling shareholder XJL International Ltd sold 550,000 ordinary shares. Notably, the Company did not receive any proceeds from the sale of shares by the selling shareholder.