MMTEC, which operates a China-based online securities trading platform, announced terms for its IPO on Monday.
The Beijing, China-based company plans to raise $8 million by offering 1.8 million shares at a price range of $4.00 to $4.50. At the midpoint of the proposed range, MMTEC would command a fully diluted market value of $84 million.
MMTEC was founded in 2015 and plans to list on the Nasdaq under the symbol MMTC. WestPark Capital is the sole bookrunner on the deal.
