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Stock impact report

QMMM Holdings Limited Announces Pricing of $8.6 Million Initial Public Offering

QMMM Holdings Limited - Ordinary Shares (QMMM) 
Company Research Source: PR Newswire
HONG KONG, July 18, 2024 /PRNewswire/ -- QMMM Holdings Limited (the "Company" or "QMMM"), a digital media advertising, virtual avatar & virtual apparel technology service provider in Hong Kong, today announced the pricing of its initial public offering (the "Offering") of 2,150,000 ordinary shares at a price of $4.00 per share. The ordinary shares have been approved for listing on The Nasdaq Capital Market and are expected to commence trading on July 19, 2024 under the ticker symbol "QMMM."The aggregate gross proceeds from the Offering will be $8.6 million, before deducting underwriting discounts and other related expenses. The Offering is expected to close on or about July 22, 2024, subject to the satisfaction of customary closing conditions. QMMM has granted the underwriter a 45-day option to purchase up to an additional 322,500 ordinary shares at the public offering price, less underwriting discounts and commissions.The Offering is being conducted on a firm commitment basis. Wallac Show less Read more
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