Onfolio Holdings, Inc

Onfolio Holdings, Inc (ONFO) priced its initial public offering on Aug 29, 2022 at $5.00 per share, raising $13.8M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $25.6M. David M. Bovi advised the company and Carmel, Milazzo & Feil advised the underwriters.

Onfolio Holdings, Inc acquires controlling interests in websites and actively manages them. It targets sites in sectors with long-term growth opportunities, stable positive cash flows and low risk of obsolescence, offering investors a diversified group of web properties.

Status

IPO

Ticker

ONFO

Exchange

Nasdaq Capital Market

Priced

Aug 29, 2022

IPO price

$5.00

Raised

$13.8M

Market cap at IPO price

$25.6M

First filed

Apr 7, 2022

Company counsel

David M. Bovi

Underwriters' counsel

Carmel, Milazzo & Feil

Sector

Technology

Country / state

DE

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