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Chinese real estate services company MDJM closes US$6.2M IPO

Chinese real estate services company MDJM Ltd. closed its IPO, raising gross proceeds of approximately US$6.2 million.

The offering consisted of 1,241,459 ordinary shares, issued at US$5.00 apiece. The company expects its shares to commence trading on the Nasdaq Capital Market under the ticker symbol MDJH.

Network 1 Financial Securities Inc. was the sole underwriter for the offering. Hunter Taubman Fischer & Li LLC served as counsel to MDJM, while Mei & Mark LLP acted as counsel to the underwriter.