Dragon Victory International’s (NASDAQ: LYL) ordinary shares began trading on the NASDAQ Capital Market today under the ticker symbol “LYL.” The company closed its initial public offering (IPO) of 1,421,394 ordinary shares on September 15, 2017, with gross proceeds of $8,528,363 before expenses, underwriting discount and commissions. Boustead Securities, LLC acted as the lead underwriter for the offering, marking its third Chinese IPO on NASDAQ this year. The company plans to participate in a future market bell ceremony at the NASDAQ MarketSite to celebrate the exchange listing. “We believe listing on NASDAQ will improve the Company’s brand awareness, increase transparency through our regulatory disclosures, and ultimately position Dragon Victory for long-term, profitable growth,” Dragon Victory chairman and CEO Yu Han stated in the news release.
To view the full press release, visit: http://nnw.fm/z8r4D
About Dragon Victory International Limited
Incorporated in 2015 and headquartered in Hangzhou, Dragon Victory International Limited (“LYL”) offers reward-based crowdfunding opportunities in China to entrepreneurs and funding sources through a fast growing reward-based crowdfunding platform. The online reward-based crowdfunding platform, 5etou, at www.5etou.cn and designed to enable small and medium sized companies, start-up companies and idea generators to raise funding from participants through the Internet. The company also provides quality business incubation services and financial services to entrepreneurs and business entities with funding needs utilizing its crowdfunding platform. For more information, visit the company’s website at www.dvintinc.com
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