Quick Take
Focus Universal (OTCQB:FCUV) has filed to raise gross proceeds of $10 million from a U.S. IPO, according to an S-1/A registration statement.
The firm operates as a universal smart device developer and manufacturer.
FCUV is still in R&D phase for an all-in-one Internet of Things device, and has no meaningful financial results to-date, so I'll be watching this IPO from the sidelines.
Company & Technology
Los Angeles, California-based Focus Universal was founded in 2014 to develop the Ubiquitor universal smart device.
Management is headed by Founder, CEO, and Director Desheng