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Hanryu Holdings Priced, Nasdaq: HRYU

Provides a social networking platform for fans of Korean culture.

Industry: Technology

Latest Trade: $0.25 +0.00 (+0.5%)

First Day Return: -22.0%

Return from IPO: -97.5%

Industry: Technology

We aim to provide an all-inclusive online global playground for fans, where they can consume, create, and get rewarded for all things related to their fandom within our FANTOO platform, an engaging and innovative social media platform that connects users around the world that share similar interests. We created FANTOO to provide distinctive service offerings, technology, applications and websites, through a multi-media global platform for our users to interact with other like-minded users, and share their appreciation as fans of various types of entertainment and cultures, create their own content, enjoy other user’s content, engage in e-commerce, and experience a community we believe is unlike any other. Our current users are enthusiasts of South Korean culture (“K-Culture”), also known as the “Korean Wave,” or “Hanryu”. Though we anticipate expanding into additional entertainment genres, the Korean Wave is the current basis of FANTOO. The growing popularity of the Korean Wave has historically been driven by social networking services and online video sharing platforms. Through these channels, the dispersion and export of South Korean arts, music and entertainment has grown rapidly from a regional influence into a global appreciation of K-Culture.
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IPO Data
IPO File Date 01/26/2023
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 0.9
Deal Size ($mm) $9
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/31/2023
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 0.9
Deal Size ($mm) $9
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Aegis Capital Corp.
Company Data
Headquarters Seoul, South Korea
Founded 2018
Employees at IPO 89
Website www.hanryuholdings.com/en

Hanryu Holdings (HRYU) Performance