WiMi Hologram Cloud Inc., a leading holographic augmented reality application platform in China, announced the pricing of WiMi’s underwritten initial public offering of 4,750,000 American Depositary Shares, each representing two Class B ordinary shares of the Company, at US$5.50 per ADS for a total offering size of $26.1 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs have been approved for listing on the NASDAQ Global Market and are expected to begin trading on April 1, 2020 under the ticker symbol “WIMI”. The underwriters have been granted a 30-day option to purchase up to an additional 712,500 ADSs at the initial public offering price, less the underwriting discounts and commissions. The offering is expected to close on April 3, 2020.
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The Benchmark Company LLC, Valuable Capital Limited, Maxim Group LLC, China Merchants Securities (HK) Co. Ltd, BOCI Asia Ltd, and Axiom Capital Management, Inc. are acting as joint bookrunners of this offering. The ADSs described above are being offered by WiMi pursuant to a registration statement that was declared effective by the Securities and Exchange Commission on March 31, 2020.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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This offering is being made only by means of a prospectus forming part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting: The Benchmark Company, LLC, 150 East 58th Street, 17th Floor, New York, New York 10155, United States; Valuable Capital Limited, Room 2807-2809, 28/F, China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road, Central, Hong Kong; Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, New York 10174, United States; China Merchants Securities (HK) Co., Limited, 48/F One Exchange Square, Central, Hong Kong; BOCI Asia Limited, 26/F Bank of China Tower 1 Garden Road Central, Hong Kong; or Axiom Capital Management, Inc., Suite 5420, 350 5th Ave, New York, New York, 10118, United States.
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