Mmtec, Inc.

Mmtec, Inc. (MTC) priced its initial public offering on Jan 9, 2019 at $4.00 per share, within its $4.00–$4.50 range, raising $7.2M. At the IPO price its market capitalization was about $79.2M. Ogier, Schiff Hardin and DeHeng Law Offices advised the company.

MMTEC, Inc. is a British Virgin Islands company whose main operations run through Gujia (Beijing) Technology Co., Ltd., based in Beijing, China. Other subsidiaries provide administration services to private equity funds and asset management and investment services to clients.

Status

IPO

Ticker

MTC

Priced

Jan 9, 2019

IPO price

$4.00

Price range

$4.00–$4.50

Raised

$7.2M

Market cap at IPO price

$79.2M

First filed

Oct 22, 2018

Company counsel

Ogier, Schiff Hardin and DeHeng Law Offices

Sector

Financials

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.