MBMC News Flash: QMMM, from Hong Kong, successfully listed in the United States on July 19.
Recently, QMMM Holdings Limited (hereinafter referred to as QMMM) from Hong Kong has successfully completed its IPO on the NASDAQ in the United States, with the stock ticker QMMM. It filed confidentially with the U.S. Securities and Exchange Commission (SEC) on June 23, 2022, and publicly disclosed its prospectus on October 6, 2023.
QMMM issued 2.15 million shares at a price of $4 per share, raising $8.6 million in proceeds.
As an award-winning digital advertising and marketing production service provider, QMMM's core operations are conducted through two Hong Kong subsidiaries, ManyMany Creations and Quantum Matrix. QMMM's client base includes local and international banks, real estate developers, luxury brands, high-end fashion houses and theme parks.
As of the closing on its first trading day (July 17, 2024), QMMM Holdings (EHGO) closed at $4.07 per share, representing a 1.75% increase from its initial public offering price of $4 per share. Its current total market capitalization stands at approximately $69.6988 million.
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Meishun Meiyin (Hangzhou) Consulting and Management Co., Ltd. is the domestic subsidiary of Hong Kong Meishun Management Consulting Company under the same actual controller. Both companies share the same ultimate beneficial owner, are under unified Chinese management, and comply with the laws of Hong Kong and the Chinese mainland.
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