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Micro-cap Chinese online trading platform MMTEC prices IPO at $4, the low end of the range

MTC

MMTEC, which operates an online securities trading platform in China, raised $7 million by offering 1.8 million shares at $4, the low end of the range of $4.00 to $4.50. At $4, MMTEC commands a fully diluted market value of $79 million. The company filed its offering registration with the SEC that was declared effective on December 26, 2018; it did not begin trading until January 8,...read more

China-based online trading platform MMTEC files and sets terms for $8 million US IPO

MMTC

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...read more

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