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.