Dbim Holdings, which provides metaverse marketplace services focused on trading virtual goods, raised the proposed deal size for its upcoming IPO on Tuesday.
The Hong Kong, China-based company now plans to raise $17 million by offering 3.8 million shares at a price range of $4 to $5. The company had previously filed to offer 2 million shares at the same range. At the midpoint of the revised deal size, Dbim Holdings will raise 88% more in proceeds than previously anticipated and command a market cap of $129 million.
Dbim is a comprehensive metaverse marketplace service provider in Asia. The company operates through two segments: virtual goods services, through its virtual goods trading platform, and metaverse scenario building services, which it states leverages VR, AR, 3D modelling, and AI technologies.
Dbim Holdings was founded in 2017 and plans to list on the Nasdaq under the symbol DBIM. American Trust Investment Services is the sole bookrunner on the deal.
