WiMi Hologram Cloud, China's largest holographic augmented reality application platform, filed on Thursday with the SEC to raise up to $50 million in an initial public offering.
The Beijing, China-based company was founded in 2015 and booked $37 million in sales for the 12 months ended March 31, 2019. It plans to list on the Nasdaq under the symbol WIMI. The Benchmark Company, Maxim Group LLC, China Merchants Securities, AMTD Global Markets, BOCI Asia, China Everbright, GF Securities and Axiom Capital Management are the joint bookrunners on the deal. No pricing terms were disclosed.
