Chinese metaverse service provider Global Mofy Metaverse (GMM) has filed an application to raise a proposed $30 million through a US initial public offering.

Global Mofy said in a presentation that it seeks to offer 6 million common shares priced at $4.50 to $5.50, which would rake in around $30 million if trading in the midway. The underwriters would be granted a 45-day option to purchase up to an additional 15% of shares to cover any over-allotment.

The company expects to list its shares on Nasdaq under the symbol GMM. Maxim Group serves as the principal book broker.

Incorporated in the Cayman Islands, Global Mofy conducts business through subsidiaries in China. The company is engaged in digital marketing, digital asset development, and virtual content development for the emerging industry of the metaverse.

GlobalMofy…