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Onfolio Holdings Priced, Nasdaq: ONFO

Acquires and manages a portfolio of small websites.

Industry: Communication Services

Latest Trade: $1.15 0.00 (0.0%)

First Day Return: -52.0%

Return from IPO: -77.1%

Industry: Communication Services

We acquire controlling interests in and actively manage small websites with a focus on useful content. We characterize small websites as those that generate annual cash flows of up to $5 million per year. We believe that the acquisition market for these websites is highly fragmented and often provides opportunities to purchase at more attractive prices and achieve better outcomes for our shareholders. Our management strategy involves a combination of sharing resources across websites and employing dedicated managers of individual websites. We give a lot of autonomy to our individual managers, supporting them where necessary, but otherwise allowing them the freedom to grow the websites in line with their goals and responsibilities. As of the date of this prospectus, we own and/or manage 18 websites.
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IPO News for Onfolio Holdings
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IPO Data
IPO File Date 04/07/2022
Offer Price $5.00
Price Range $4.50 - $4.50
Offer Shares (mm) 2.8
Deal Size ($mm) $14
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/25/2022
Offer Price $5.00
Price Range $4.50 - $4.50
Offer Shares (mm) 2.8
Deal Size ($mm) $14
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Wilmington, DE
Founded 2019
Employees 7
Website www.onfolio.com