Oriental Culture Holding LTD

Oriental Culture Holding LTD (OCG) priced its initial public offering on Dec 16, 2020 at $4.00 per share, raising $20.3M. At the IPO price its market capitalization was about $81M. FisherBroyles, Maples and Calder and AllBright advised the company and K&L Gates advised the underwriters.

Oriental Culture Holding LTD is an online provider of collectibles and artwork e-commerce services, enabling collectors, artists, dealers and owners to trade through platforms run by Hong Kong subsidiaries. It also offers integrated marketing, storage and technical maintenance services to customers in China, and began operating in March 2018.

Status

IPO

Ticker

OCG

Priced

Dec 16, 2020

IPO price

$4.00

Raised

$20.3M

Market cap at IPO price

$81M

First filed

Nov 12, 2019

Company counsel

FisherBroyles, Maples and Calder and AllBright

Underwriters' counsel

K&L Gates

Sector

Business services

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