Everbright Digital (EDHL.US), a Hong Kong-based metaverse digital marketing company, has filed to go public in the US, seeking to raise US$7mn.

China Hong Kong-based digital marketing company Everbright Digital Holding filed a preliminary prospectus with the U.S. Securities and Exchange Commission (SEC) on Tuesday for an initial public offering (IPO). The company plans to issue 1.5 million shares at a price of $4 to $5 each, raising $7 million. At the midpoint of the proposed price range, Everbright Digital's market value would be $119 million.

Everbright Digital is a comprehensive marketing solutions provider deeply involved in the metaverse and related technologies. The company generates revenue by providing customized marketing solutions to meet the specific needs of its clients in the context of the continuous development of new media forms. Its digital marketing solutions include virtual world stimulation, virtual reality (VR) and augmented reality (AR) design and creation, creative event planning and management, IP character creation, and social media marketing.

Everbright Digital was founded in 2021 and had revenue of $4 million in the 12 months ended June 30, 2024. The company plans to list on the Nasdaq under the ticker "EDHL." It filed confidentially on June 28, 2024. Dominari Securities and Revere Securities are joint bookrunners for the transaction.