Quick Take
MMTEC (OTCPK:MMTC) intends to raise gross proceeds of $7.65 million from a U.S. IPO, according to an F-1 registration statement.
The firm provides online stock market trading and related services for institutional trader s in China.
Given MMTC’s pre-revenue stage and lack of a known underwriter, the IPO appears to substandard for U.S. investors.
Company & Technology
Beijing, China-based MMTEC was founded in 2018 to provide online securities and related financial services and solutions to the Chinese language speaking customers such as hedge funds, mutual funds, registered investment advisors, proprietary