Everbright Digital (EDHL) priced its tiny IPO – just 1.5 million shares – at $4.00 – the low end of its $4.00-to-$5.00 price range – to raise $6.0 million on Wednesday night, April 16, 2025 – to trade TOMORROW – Thursday, April 17 – on the NASDAQ.
Dominari Securities and Revere Securities were the joint book-runners.
Everbright Digital , a Hong Kong holding company founded in 2021, says its digital marketing solutions include metaverse simulation as well as VR (virtual reality) and AR (augmented reality) design and creation, creative event planning and management, IP character creation and social media marketing.
“We serve customers ranging from small and medium-sized businesses to sizeable regional conglomerates,” the prospectus said. “Since the commencement of our business operations in 2021 through our subsidiary, HKUML, we have worked with over 20 corporate customers from a diverse array of industries, including real estate developers, concert organizers, and public charitable organizations to serve both their domestic and overseas customers.”
Everbright Digital is profitable, according to financial statements in the prospectus: The company reported net income of $0.78 million on revenue of $4.09 million (in U.S. dollars converted from Hong Kong dollars) for the 12-month perod that ended June 30, 2024.
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