Ogier's BVI Corporate team advises on successful Nasdaq IPO of Hong Kong-based ad services provider

Ogier's Corporate team in the British Virgin Islands has advised CTRL Group Limited on its recent Initial Public Offering on Nasdaq. 

CTRL Group Limited (CTRL) is an integrated marketing and advertising services specialising in mobile games promotion for the local market. The company provides services throughout the entire advertising process, which comprises the planning, creating, launching, managing, and performance monitoring of the ads. Its clients are primarily from China, and its advertising market is Hong Kong. It is a leading provider of commercial media services to mobile game developers in Hong Kong, 

This landmark transaction, which gives CTRL a market capitalisation of around US$60 million, underscores Ogier's expertise in complex cross-border capital markets transactions and solidifies its position as a premier public company advisor in the BVI.

The initial public offering (IPO), which was completed in January 2025, saw CTRL list more than two million shares on Nasdaq. The IPO marks a significant milestone for CTRL as it seeks to expand its market presence and drive innovation within the tech advertising sector in Asia. 

Ogier's BVI team was led by Partner Michael Killourhy with assistance from counsel David Mathews and associate Holly Bartlett. They provided comprehensive legal advice throughout the IPO process, working closely with CTRL and its US securities counsel, Crone Law Group, to navigate regulatory requirements, structure the offering and ensure compliance with applicable BVI laws.

The Ogier team's deep understanding of the intricacies of capital markets and IPO processes played a crucial role in the successful execution of this transaction. Ogier's engagement with CTRL actually began some time ago back in 2022 when the firm first started working on complex pre-IPO re-organisation for the company.

Michael Killourhy said: "We are delighted to have supported CTRL in this pivotal moment in their corporate journey and before. This IPO a testament to their innovative vision and robust business strategy. We are proud to have contributed to their success and look forward to seeing their continued growth and impact in the technology sector."