Everbright Digital Holding, a Hong Kong-based digital marketing firm with a focus on the metaverse, filed on Tuesday with the SEC to raise up to $7 million in an initial public offering.
The company plans to raise $7 million by offering 1.5 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Everbright Digital Holding would command a market value of $119 million.
Everbright Digital is an integrated marketing solutions provider in Hong Kong that is deeply involved in the metaverse and related technologies. Under the all-in-one service, the company generates revenue through tailored marketing solutions that address the specific needs of its clients in the context of the ever-developing nature of new forms of media. Its comprehensive range of digital marketing solutions includes metaverse stimulation, virtual reality and augmented reality design and creation, creative event planning and management, IP character creation, and social media marketing, among others.
Everbright Digital Holding was founded in 2021 and booked $4 million in revenue for the 12 months ended June 30, 2024. It plans to list on the Nasdaq under the symbol EDHL. The company filed confidentially on June 28, 2024. Dominari Securities and Revere Securities are the joint bookrunners on the deal.
