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Web3Labs Global plans to raise $28 million through an IPO
Mars Finance News: Hong Kong Web3 service provider Web3Labs Global has submitted an IPO application to the U.S. Securities and Exchange Commission (SEC), planning to issue approximately 6.3M shares at a price of $4 to $5 per share, raising about $28 million. Based on the midpoint of the issuance range, the company’s valuation for this fundraising transaction is approximately $141 million. It is reported that Web3Labs Global plans to list on NASDAQ under the stock code “MDAT,” with Eddid Securities and Futures serving as the underwriter for this IPO.