Chinese metaverse developer Global Mofy files for proposed $30 | https://t.me/Metaverse_Web3_GameFi

Chinese metaverse developer Global Mofy files for proposed $30M US IPO

Chinese metaverse services provider Global Mofy Metaverse (GMM) has filed to raise a proposed $30M through a US initial public offering. The company hopes to list its shares on Nasdaq under the symbol GMM. Maxim Group is serving as lead bookrunner.

Global Mofy said in a filing that it's looking to offer 6M ordinary shares priced $4.50 to $5.50, which would raise around $30M if priced at the midpoint. Underwriters would be granted a 45-day option to buy up to 15% additional shares to cover any over-allotments. Global Mofy has been profitable. For the six-month period ended March 31.

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