WiMi Hologram Cloud Inc.

WiMi Hologram Cloud Inc. (WIMI) priced its initial public offering on Apr 1, 2020 at $5.50 per ADS, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $649.6M. Benchmark was lead-left underwriter, joined by Valuable Capital, Maxim Group and BOCI and others. Ellenoff Grossman & Schole, Maples and Calder and Jingtian & Gongcheng advised the company and DLA Piper and Commerce & Finance advised the underwriters.

WiMi Hologram Cloud Inc. is a Cayman Islands company operating in China through a PRC subsidiary and a variable interest entity. It provides holographic augmented reality solutions, including AR software development kit and middleware platforms that let application developers build software without coding from scratch.

Status

IPO

Ticker

WIMI

Exchange

Nasdaq Global Market

Priced

Apr 1, 2020

IPO price

$5.50 per ADS

Market cap at IPO price

$649.6M

First filed

Jun 27, 2019

Underwriters

Benchmark, Valuable Capital, Maxim Group, BOCI and Axiom Capital

Company counsel

Ellenoff Grossman & Schole, Maples and Calder and Jingtian & Gongcheng

Underwriters' counsel

DLA Piper and Commerce & Finance

Sector

Technology

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