WiMi Set to Become the First Holographic AR Solutions Provider to Go Public in New York
WiMi Hologram Cloud Inc. expects to debut on the Nasdaq Global Market on Wednesday, seeking to raise up to $38 million in capital.
The Beijing-based AR services provider will offer 4 million American depositary shares, or 4.6 million if the underwriters exercise the over-allotment option in full, at the expected price range of between $7.50 and $9.50 per ADS.
The company has applied to trade under the symbol "WIMI."
Listed underwriters on the deal are Benchmark Company LLC, Maxim Group LLC, China Merchants Securities (HK) Co. Ltd., AMTD Global Markets Ltd., BOCI Securities Ltd., Everbright Sun Hung Kai Company Ltd., GF Securities (Hong Kong) Brokerage Ltd. and Axiom Capital Management Inc.
WiMi would become the first holographic AR platform to list on a stock exchange.