QMMM Holdings Prices IPO at $4 Per Share

MT Newswires Live07-19

QMMM Holdings said late Thursday it priced its initial public offering of about 2.2 million ordinary shares at $4 per share for expected gross proceeds of $8.6 million.

Underwriters have been granted a 45-day option to purchase up to 322,500 additional shares.

The shares are expected to debut on the Nasdaq Capital Market this Friday under the ticker symbol, "QMMM."

Closing of the offering is expected to occur around July 22, according to the digital advertising and marketing production services company.

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