Web3Labs Global submits IPO application, plans to raise approximately $28 million

According to Renaissance Capital, Web3Labs Global has submitted an IPO application to the US Securities and Exchange Commission, planning to issue approximately 6.3 million shares at a price of $4 to $5 per share, raising approximately $28 million. Based on the median issuance range, the company's valuation is approximately $141 million. Web3Labs Global plans to list on NASDAQ under the stock code "MDAT", with Eddid Securities and Futures as underwriters for this IPO.