WestPark Capital Announces Pricing and Trading of a Firm Commitment IPO of MMTec Inc. Common Stock
10 January 2019 - 1:00AM
WestPark Capital today announced the pricing and trading of a firm
commitment IPO of 1,800,000 shares of MMTec Inc. (NASDAQ: MTC)
common stock at a price of $4.00 per share. The offering began
trading on January 8, 2019 and closed at $5.94 on the first day of
trading. The underwriters have a 30-day option to purchase up to an
additional 270,000 shares of common stock from the Company to cover
over-allotments, if any. The offering is expected to close on
January 10, 2019, subject to customary closing
conditions.
WestPark Capital was the Sole Book Running
Manager of the offering.
A registration statement relating to these
securities in the public offering has been declared effective by
the United States Securities and Exchange Commission. The offering
of the securities is being made only by means of a written
prospectus forming a part of the effective registration statement.
Copies of the final prospectus relating to the U.S. offering may be
obtained from WestPark Capital by calling Jay Stern (310) 203-2919
or operations@wpcapital.com. An electronic copy of such prospectus
is also available on the web site of the SEC at
http://www.sec.gov.
This press release does not constitute an offer
to sell or a solicitation of an offer to buy any securities, nor
shall there be any sale of these securities in any state or other
jurisdiction in which such an offer, solicitation or sale would be
unlawful under the securities laws of any such state or
jurisdiction.
About WestPark Capital
WestPark Capital is a full-service investment
bank focused on emerging growth sectors such as healthcare,
software, technology, biotechnology, financial services,
manufacturing, consumer products, media and telecom industries,
among other categories. WestPark Capital provides a comprehensive
range of corporate finance services, including initial public
offerings, follow-on offerings, private placements, SIPOs and
corporate finance advisory services. Additional information about
WestPark Capital is available at www.wpcapital.com or at
info@wpcapital.com.
About MMTec, Inc.
MMTec, Inc., through its operating entity, Gujia
(Beijing) Technology Co., Ltd., provides comprehensive,
Internet-based technology services and solutions to the Chinese
language speaking hedge funds, mutual funds, registered investment
advisors, proprietary trading groups, and brokerage firms engaging
in securities market transactions and settlements globally. These
services are offered through several platforms, including the ETN
Counter Business System, the PTN Private Fund Investment Management
System, the Personal Mobile Transaction Client System, the PC
Transaction Client System, the Individual and Institutional
Integrated Account Management System, and the Quantitative
Investment Transaction Platform. The Company is headquartered in
Beijing, China. For additional information about the Company please
refer to its corporate website at http://www.51mm.com.
Contact:
WestPark Capital, Inc.
Richard Rappaport, CEO
(310) 843-9300
MMTec (NASDAQ:MTC)
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