global mofy metaverse ltd on wednesday filed for an initial public offering of 6 million shares the digital asset platform plans to offer shares between 450 to 550 a share according to its filing with the securities and exchange commission global mofy is a holding company that conducts business through global mofy china and its subsidiaries its technology facilitates virtual content production digital marketing and digital assets development for the metaverse industry the company plans to list its shares on the nasdaq capital market under the ticker gmm net proceeds are expected to be about 27 million based on an offering price of 5 a share according to the sec filing if underwriters exercise their overallotment option in full net proceeds will be roughly 312 million the company said the proceeds will be used as working capital and to fund continued research and development marketing new talent and potential acquisitions and business expansion for the six months ended march 31 the companys revenue was 112 million up from 39 million in the prioryear period net income attributable to the company was 401307 compared with a loss of 159394 the year prior maxim group llc is the underwriter for the offering