Blue Hat Interactive Entertainment Technology (BHAT) expects to raise $7 million in an initial public offering (IPO) on Wednesday, May 29th, IPO Scoop reports. The company will be issuing 1,800,000 shares at a price of $4.00 per share.
In the last year, Blue Hat Interactive Entertainment Technology generated $18.5 million in revenue and $7.9 million in net income. Blue Hat Interactive Entertainment Technology has a market cap of $150 million.
ViewTrade Securities acted as the underwriter for the IPO.
Blue Hat Interactive Entertainment Technology provided the following description of their company for its IPO: ” We are a producer, developer and operator of augmented reality (AR) interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features. Our mobile-connected entertainment platform enables us to connect physical items to mobile devices through wireless technologies, creating a unique interactive user experience. Our goal is to create a rich visual and interactive environment for users through the integration of real objects and virtual scenery. We believe this combination provides users with a more natural form of human-computer interaction and enhances users’ perception of reality, thus providing a more diversified entertainment experience. By leveraging our strong technological capabilities and infrastructure, we are able to deliver a superior user experience and conduct our operations in a highly efficient manner. “.
Blue Hat Interactive Entertainment Technology was founded in 2010 and has 107 employees. The company is located at 7th Floor, Building C, No. 1010 Anling Road, Huli District, Xiamen, China 361009 and can be reached via phone at 86-592-228-0081 or on the web at http://www.bluehatgroup.net.
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