Hong Kong, April 11, 2025 – MasterBeef Group, a Hong Kong-based restaurant company specializing in Taiwanese hotpot and barbecue, has announced the completion of its initial public offering (IPO) of 2,000,000 ordinary shares at a price of US$4.00 each. The shares, with a par value of US$0.0005, commenced trading on the Nasdaq Capital Market on April 10, 2025, under the ticker symbol “MB”.
The IPO generated gross proceeds of US$8.0 million for the Company, before accounting for underwriting discounts and other expenses. The underwriters also have the option to purchase up to 300,000 additional shares within 45 days at the IPO price, less underwriting discounts.
The Company intends to use the net proceeds from the IPO for several purposes: (i) expanding its restaurant network through new locations and franchising, both in Hong Kong and internationally, including Singapore and other Southeast Asian countries; (ii) funding marketing and branding initiatives to grow its customer base and strengthen its brand; (iii) producing and selling semi-finished food products like packaged hotpot soup base and marinated foods; (iv) investing in technology to improve table service, inventory management, order processing, and upgrading IT systems in its restaurants; and (v) supporting general corporate activities that contribute to business development and strategic direction.
Additionally, certain shareholders have registered an aggregate of 1,815,000 ordinary shares for potential resale. The Company will not receive any proceeds from these sales, as the shares were not underwritten.
The offering was a firm commitment underwriting. Dominari Securities LLC served as the lead underwriter, and Revere Securities LLC acted as co-underwriter. Schlueter & Associates, P.C. was the Company’s U.S. securities counsel, while Hunter Taubman Fischer & Li LLC provided U.S. securities counsel to the underwriters.
A registration statement on Form F-1 related to the IPO was filed with the SEC (File Number: 333-283142) and declared effective on March 31, 2025. The offering is being made through a prospectus, which is part of the registration statement. Prospectus copies can be obtained from Dominari Securities LLC at 725 Fifth Avenue, 23rd Floor, New York, NY 10022, via email at , or by phone at (212) 393-4500; or from Revere Securities LLC at 560 Lexington Avenue, 16th Floor, New York, NY 10022, via email at , or by phone at (212) 688-2350. The prospectus is also available on the SEC’s website at .
This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of these securities in any jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
About MasterBeef Group
MasterBeef Group is a Hong Kong-based full-service restaurant group specializing in Taiwanese hotpot and barbecue. Through its Hong Kong subsidiaries, the Company operates 12 restaurants under the Master Beef and Anping Grill brands. More information can be found on the Company’s website: .
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These statements are based on the Company’s current expectations and projections regarding future events that may impact its financial condition, operating results, business strategy, and financial needs. Such statements can often be identified by the use of terms like “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or similar expressions. The Company is not obligated to update or revise these forward-looking statements to reflect new events, circumstances, or changes in expectations, except as required by law. These statements are subject to risks and uncertainties, including market conditions and other factors discussed in the “Risk Factors” section of the Registration Statement filed with the SEC. While the Company believes its expectations are reasonable, it cannot guarantee their accuracy and cautions investors that actual results may differ materially from anticipated results. Investors are encouraged to review other factors that may affect the Company’s future performance in its registration statement and other SEC filings, which are available at .
For more information, please contact:
MasterBeef Group
Email:
