@wavyloo:
On February 8, 2023, Universal Machinery Multi Ways submitted an IPO application to the US Securities and Exchange Commission, requesting a maximum of $16 million to be raised through an initial public offering. Multi Ways plans to raise $16 million by issuing 6.4 million shares at a price of $2 to $3. At the midpoint of the suggested range, Multi Ways Holdings' market value will reach $75 million. Multi Ways plans to be listed on the New York Stock Exchange under the stock code MWG. $Multi Ways Holdings Ltd.(MWG)$