Web3Labs Global Files for IPO with SEC

Web3Labs Global, a Hong Kong-based Web3 service provider, has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). According to ChainCatcher, the company plans to issue approximately 6.3 million shares at a price range of $4 to $5 per share, aiming to raise around $28 million. Based on the midpoint of the offering range, the company's valuation is estimated at approximately $141 million. Web3Labs Global intends to list on the Nasdaq under the ticker symbol 'MDAT', with Eddid Securities and Futures serving as the underwriter for the IPO.