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home / news releases / CSD - Onfolio Aims For $15 Million IPO

CSD - Onfolio Aims For $15 Million IPO

Invesco S&P Spin-Off
  • Onfolio has filed proposed terms to raise $15 million in an IPO of its common stock and warrants.
  • The firm seeks to acquire and operate online content destination websites in specific verticals.
  • EF Hutton is the sole underwriter, and its IPOs have performed in the bottom tier over the past 12 months.
  • ONFO has generated contracting topline revenue from a tiny base and other worsening financial metrics, so I'm on Hold for the IPO.

For further details see:

Onfolio Aims For $15 Million IPO
Stock Information
Company Name: Invesco S&P Spin-Off
Stock Symbol: CSD
Market: NYSE
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