Web3Labs Global submits application to the US SEC, plans to raise $28 million through IPO

Jinse Finance reported that Web3 service provider Web3Labs Global has submitted an IPO application to the U.S. Securities and Exchange Commission (SEC), planning to issue approximately 6.3 million shares at a price of $4 to $5 per share, aiming to raise about $28 million. Based on the midpoint of the offering range, this fundraising values the company at approximately $141 million. It is reported that Web3Labs Global plans to list on Nasdaq under the stock code "MDAT", with Eddid Securities and Futures serving as the underwriter for this IPO.