Hong Kong Metaverse platform Dbim Holdings (DBIM.US) has increased the amount raised in its US IPO by 88% and plans to raise $17 million.

The leading metaverse market service provider Dbim Holdings (DBIM.US) updated its US IPO filing on Tuesday, significantly increasing the size of the fundraising. The company plans to issue 3.8 million shares at a price of $4 to $5 per share, aiming to raise approximately $17 million. Previously, it had filed to issue 2 million shares at the same price range. Based on the revised issuance range, the fundraising amount has increased by approximately 88% compared to the original plan, with a post-listing market capitalization of approximately $129 million. Dbim Holdings is a comprehensive metaverse market service provider in Asia, with its business mainly divided into two segments: virtual goods services (operated through its virtual goods trading platform) and metaverse scene construction services. The company stated that its scene construction services integrate technologies such as VR, AR, 3D modeling, and artificial intelligence. Founded in 2017, the company is headquartered in Hong Kong, China, and plans to list on the NASDAQ with the stock ticker symbol "DBIM". The exclusive bookrunner for this offering is a US trust and investment services company.