Hong Kong Metaverse Platform Dbim Holdings (DBIM.US) Increases US IPO Fundraising Target by 88% to $17 Million

Stock News
Jan 28

Metaverse market service provider Dbim Holdings (DBIM.US) updated its US listing prospectus on Tuesday, significantly increasing the scale of its initial public offering. The company now plans to issue 3.8 million shares at a price between $4 and $5 per share, aiming to raise up to approximately $17 million. This represents a substantial increase from its previously filed offering size of 2 million shares, despite the price range remaining the same. Calculated at the midpoint of the revised price range, the fundraising amount is approximately 88% higher than the original plan, with a corresponding post-listing market capitalization of about $129 million. Dbim Holdings is a comprehensive metaverse market service provider in Asia, with its business primarily divided into two major segments: virtual goods services, operated through its virtual goods trading platform, and metaverse scene construction services. The company states that its scene construction services integrate technologies such as VR, AR, 3D modeling, and artificial intelligence. Established in 2017 and headquartered in Hong Kong, China, the company plans to list on the Nasdaq under the stock ticker "DBIM". The sole bookrunner for this offering is American Trust & Investment Services.

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