Singapore AI startup AI Assets submits IPO application for US stock market, aiming to raise $9 million
AI Assets provides an AI-supported investment assistant application in Singapore. The company submitted its initial public offering application to the U.S. Securities and Exchange Commission last Friday, planning to raise $9 million. The Singapore-based company plans to issue 2 million shares at a price of $4 to $5 per share, raising $9 million. At the midpoint of the proposed range, AI Assets' market capitalization will reach $74 million. Through its wholly-owned subsidiary MAXE AI in Singapore, AI Assets utilizes AI technology to provide financial information and market tracking services. MAXE AI leverages historical data and real-time analysis of major global asset fluctuations to offer optimal financial information and tracking services to individual users through its AI investment assistant application "MAXE," and customizes AI information systems "TPS" for institutional users. MAXE does not provide any investment advice or trading services. So far, the company's revenue has been limited. AI Assets was established in 2023 and plans to list on NASDAQ under the ticker symbol AIAS. Univest Securities is the sole bookrunner for this transaction
According to Zhitong Finance APP, AI Assets is offering an AI-supported investment assistant application in Singapore. The company submitted its initial public offering application to the U.S. Securities and Exchange Commission last Friday, planning to raise $9 million.
The Singapore-based company plans to issue 2 million shares at a price of $4 to $5 per share, raising $9 million. At the midpoint of the proposed range, AI Assets' market capitalization will reach $74 million.
Through its wholly-owned subsidiary MAXE AI in Singapore, AI Assets utilizes artificial intelligence technology to provide financial information and market tracking services. MAXE AI leverages historical data and real-time analysis of major global asset fluctuations to offer optimal financial information and tracking services to individual users through its AI investment assistant application "MAXE," and customizes AI information systems "TPS" for institutional users. MAXE does not provide any investment advice or trading services. So far, the company's revenue has been limited.
AI Assets was established in 2023 and plans to list on NASDAQ under the ticker symbol AIAS. Univest Securities is the sole bookrunner for this transaction
