MDJM, an integrated real estate services company in China, raised $6.3 million by offering 1.3 million shares at $5 per share. At pricing, the company commands a market value of $58 million. MDJM had planned to raise $6-$8 million by offering a minimum of 1.2 million shares and a maximum of 1.6 million shares at $5 on a "best efforts" basis. Renaissance Capital does not include min-max, best efforts offerings in our IPO stats.
MDJM listed on the Nasdaq under the symbol MDJH on Tuesday, January 8. Network 1 Financial Securities acted as a lead manager on the deal.
