QMMM Holdings, a Hong Kong-based provider of digital media advertising and VR services, raised $9 million by offering 2.2 million shares at $4, as expected. The company offered 25 thousand more shares than anticipated.
QMMM Holdings is a digital media advertising service and virtual avatar & virtual apparel technology service company. Through its operating subsidiaries ManyMany Creations and Quantum Matrix, the company has been involved in over 500 commercial campaigns, working with domestic and international banks, real estate developers, and amusement parks, among other types of companies.
QMMM Holdings plans to list on the Nasdaq under the symbol QMMM. WallachBeth Capital and Revere Securities acted as joint bookrunners on the deal.
