CTRL GROUP LTD.

Ctrl Group offers specialized, integrated marketing solutions for mobile games in Hong Kong. But they intend to expand into the Taiwan and Southeast Asia markets. Currently, MCTR has strong recurring customer relationships, with a 76.1% revenue retention rate. Also, MCTR does target a large combined mobile-game TAM of approximately $2.5 billion, offering considerable long-term growth potential.» Mehr auf seekingalpha.com

The year 2024 saw a meaningful recovery in U.S. IPO (initial public offers) activity. The number of IPOs surged by 38% to 176 in 2024, with seven deals topping $1 billion.» Mehr auf benzinga.com

Kowloon, Hong Kong, Jan. 27, 2025 (GLOBE NEWSWIRE) -- CTRL Group Limited (the “Company”) (NasdaqCM: MCTR), an integrated marketing and advertising services provider in Hong Kong specializing in mobile games promotion for the local market, today announced that R.F. Lafferty & Co., Inc., which acted as the representative of the underwriters of the Company's initial public offering (the “IPO”), has exercised the full over-allotment option and purchased an additional 300,000 ordinary shares of the Company at the IPO price of $4.00 per share. As a result, the Company has raised an aggregate of $9.2 million in gross proceeds, before underwriting discounts and other related expenses, through the issuance of a total of 2,300,000 ordinary shares in the IPO.» Mehr auf globenewswire.com