Source: news.google.com
By Kathryn Hardison
Global Mofy Metaverse Ltd. filed for an initial public offering of 6 million shares on Wednesday.
The digital asset platform plans to offer shares between $4.50 and $5.50 per share, according to its filing with the Securities and Exchange Commission.
Global Mofy is a holding company that conducts business through Global Mofy China and its subsidiaries. Its technology facilitates virtual content production, digital marketing, and digital asset development for the metaverse industry.
The company plans to list its shares on the Nasdaq Capital Market under the symbol GMM.
Net earnings are expected to be around $27 million, based on an offering price of $5 per share, according to the SEC filing. If underwriters exercise their overallotment option in…
Read More at news.google.com