Web3Labs Global Seeks $28 Million Through U.S.-Based IPO

Web3Labs Global, a leading Web3 service provider based in Hong Kong, has submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC).

The company plans to issue approximately 6.3 million shares, with a price range of $4 to $5 per share. This is expected to raise around $28 million in funding.

The estimated valuation for this fundraising transaction, based on the midpoint of the issuance range, stands at approximately $141 million.