MMTec, Inc. (MTC) Prices 1.8M Share IPO at $4/Sh

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Go back to MMTec, Inc. (MTC) Prices 1.8M Share IPO at $4/Sh

MMTec, Inc. Announces Pricing of a 1.8 Million Share Firm Commitment Initial Public Offering

January 8, 2019 4:43 PM EST

BEIJING, Jan. 8, 2019 /PRNewswire/ -- MMTec, Inc. (the "Company") today announced the pricing of a U.S. underwritten initial public offering ("IPO") of 1,800,000 shares at a price to the public of $4.00 per share. The shares will begin trading on The NASDAQ Capital Market on January 8, 2019 under the ticker symbol "MTC."

The Company expects to receive aggregate gross proceeds of approximately $7.2 million from this offering, before deducting underwriting discounts, commissions and other related expenses. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 270,000 common shares at the public offering... More