Global Ink's IPO is priced at $5 per share and will debut on Nasdaq tonight.

Chinese virtual content and digital marketing service provider GlobalMoFey (GMM.US) announced the initial public offering of 1.2 million shares of stock at a price of $5 per share, with an expected total revenue of $6 million. The company originally planned to issue 1.2 million shares of stock at a price range of $4.5 to $5.5 per share, raising $6 million in funds. The company's stock is set to begin trading on NASDAQ on October 10th, with the ticker symbol "GMM." The company has also granted underwriters the option to purchase an additional 180,000 shares of common stock at the public offering price. GlobalMoFey stated that the funds raised from this offering will be primarily used for technology research and development, marketing and business expansion, talent recruitment and training, and working capital. Based on customary closing conditions, the company expects to complete this public offering on October 12, 2023, Eastern Time in the United States.