The IPO Buzz: Masonglory  & Rich Sparkle & Ten-League Raise $20 Million Total

Three small-cap IPOs – Masonglory Ltd. (MSGY) of Hong Kong, Rich Sparkle Holdings Ltd. (ANPA) of Hong Kong and Ten–League International Holdings Ltd. (TLIH) of Singapore – raised a total of $20 million on Monday night, July 7, 2025. Shares of all three companies are expected to start trading today – Tuesday, July 8, 2025, on the NASDAQ. Each company priced its IPO at the low end of the range in the prospectus and sold the number of shares in the prospectus. Here are the IPO snapshots and pricing details: * Masonglory Ltd. (MSGY) – 1.5 million shares priced at $4.00 (low end) to raise $6.0 million – D.  Boral Capital (ex-EF Hutton) sole book-runner – Masonglory is the holding company of a Hong Kong-based subcontractor that provides plastering, tile and brick laying and marble work for major contractors in property development and civil engineering projects in Hong Kong.  Masonglory Ltd. is profitable. (Incorporated in the Cayman Islands) * Rich Sparkle Holdings Ltd. (ANPA) – 1.25 million shares priced at $4.00 (low end) to raise $5.0 million – Eddid Securities and Futures  sole book-runner – Rich Sparkle Holdings is the parent of a Hong Kong-based financial printing and corporate services company founded in 2016. The company specializes in designing and printing high quality financial materials (listing and fund documents as well as financial reports, for example) for companies listed on the Stock Exchange of Hong Kong. Rich Sparkle Holdings Ltd. is profitable. (Incorporated in the British Virgin Islands) *Ten-League International Holdings Ltd. (TLIH) – 2.24 million shares priced at $4.00 (low end) to raise $8.96 million – Bancroft Capital sole book-runner – Ten-League International Holdings Ltd. is a Singapore-based holding company whose subsidiaries sell and rent heavy equipment and parts, as well as provide engineering consulting services to the port, construction, civil engineering and underground foundation industries. Ten-League International Holdings Ltd. is profitable. (Incorporated in the Cayman Islands) The NASDAQ debuts of these three Asian companies today follow a small IPO priced early Monday, July 7, 2025, to trade on NASDAQ the same day: MaxsMaking (MAMK), a Shanghai-based manufacturer of customized consumer products. Joseph Stone Capital was the sole book-runner. MaxsMaking’s products include backpacks, shopping bags, aprons, throw pillows and other items, ordered by small to medium-sized businesses, government agencies and non-profit groups, according to the prospectus. MaxsMaking’s stock slid on Monday and fell again today (Tuesday, July 8, 2025). The rest of this week’s IPO Calendar is light – typical for the week after the Fourth of July holiday. A SPAC IPO – Globa Terra Acquistion Corp. (GTERU Proposed) of Mexico – and a NASDAQ uplisting – tungsten miner Almonty Industries (ALM Proposed) of Toronto – are part of the mix. Stay tuned. (For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com  website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the  shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.