Hong Kong Web3 service provider Web3 Labs Global (MDAT.US) plans to price its US IPO at $4-5 per share, aiming to raise a maximum of $28 million.

Wisdom Financial APP learned that Web3 service provider Web3 Labs Global (MDAT.US), based in Hong Kong, submitted an application to the U.S. Securities and Exchange Commission (SEC) on Wednesday, planning to issue 6.3 million shares at a price of $4 to $5 per share, raising up to $28 million through an initial public offering (IPO). Based on the midpoint of the offering price range, the market value of Web3 Labs Global will reach approximately $141 million.