WestPark Capital Announces Pricing and Trading of a Firm Commitment IPO of MMTec Inc. Common Stock

Date : 01/09/2019 @ 2:00PM
Source : GlobeNewswire Inc.
Stock : MMTec Inc (MTC)
Quote : 3.28  0.0 (0.00%) @ 11:19AM

WestPark Capital Announces Pricing and Trading of a Firm Commitment IPO of MMTec Inc. Common Stock

MMTec (NASDAQ:MTC)
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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

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