ChainOn Group files for IPO on Nasdaq at $4-$6 per share

ChainOn Group Limited has filed for an initial public offering of 6,250,000 Class A ordinary shares, with an estimated price range of $4 to $6 per share, according to a press release statement from the company.

The shares carry a par value of $0.0004 each. At the midpoint of the offering price, the IPO would raise approximately $31.25 million.

The company has reserved the ticker symbol "CHON" for a planned listing on the Nasdaq Capital Market. The offering is contingent on final approval from Nasdaq, and ChainOn Group stated it will not proceed with the offering if Nasdaq denies the listing application.

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