Dragon Victory International Limited has closed its initial public offering (IPO) of 1,421,394 ordinary shares at a public price of $6.00 per share. Gross proceeds of the offering totaled $8,528,363 before expenses, underwriting discount and commissions. Boustead Securities, LLC served as the lead underwriter for the IPO. The Fintech company offering reward-based crowdfunding opportunities and incubation services in China marks Boustead’s third time serving as underwriter for a Chinese company in the last 45 days. Shares of the company’s stock will trade on the Nasdaq Capital Market under the ticker symbol “LYL.”
For more information, visit www.DVIntInc.com
About Dragon Victory International Limited
Dragon Victory International Limited operates a fast growing reward-based crowdfunding platform in the PRC. The company also provides incubation services and financial services to entrepreneurs and business entities utilizing its crowdfunding platform. The company’s revenue is generated through fees from incubation services, finder’s fees, and a percentage (usually 0-3%) of the funds raised through its crowdfunding platform.
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