MTAR Technologies IPO
Internet company IPOs are all the rage this year, but the details of the upcoming MTAR Technologies IPO, announced this week, make for a small beginning. The online real-estate company set modest goals for its upcoming IPO when compared to the likes of LinkedIn, Groupon and Facebook. The IPO is open for subscription on 3 March 2021.
The expect to sell around $51 million in stock and have applied to be listed on the NASDAQ. They make money by selling contracts to local real estate agents, clicks, and banner advertisements.
MTAR Technologies IPO Size
MTAR Technologies IPO Size is around Rs 596.41 Crore.
When a company files for an upcoming IPO, it has to estimate how much will be made in the IPO in order to calculate fees owed to the SEC. The MTAR Technologies IPO lays out a plan to sell about three and a half million shares.
Often with an upcoming IPO filing, a company will also specify what the capital they raise by selling stock will be used for. The details of the MTAR Technologies IPO, however, did not say anything other than the money will be used for general purposes related to the corporation.
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