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Chinese tech firm Global Mofy Metaverse prices US IPO at $5 midpoint

October 10, 2023

Global Mofy Metaverse, a Chinese provider of virtual content and digital marketing services, raised $6 million by offering 1.2 million shares at $5, the midpoint of the range of $4.50 to $5.50.

The company engages in virtual content production, digital marketing, and digital assets development for the metaverse industry utilizing its proprietary "Mofy Lab" technology platform which consists of 3D rebuilt technology and AI interactive technology. The company states that it has attracted high-profile customers such as L'Oreal and Pepsi, and has earned repeat business.

Global Mofy Metaverse plans to list on the Nasdaq under the symbol GMM. Prime Number Capital acted as sole bookrunner on the deal.