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NYIAX (NYX), which developed an ad-tech platform with Nasdaq technology, narrowed the price range for the proposed $8 million initial public offering.
NYIAX says it’s currently looking to raise $8 million in offering 1.64 million shares Prices range from $4.50 to $5.50. Underwriters will be given a 30-day option to purchase up to $1.23 million in additional shares.
NYIAX hopes to list its shares on Nasdaq under the symbol NYX. Boustead and WestPark are acting as lead booksellers.
Headquartered in New York City, NYIAX has developed a blockchain-based marketplace with Nasdaq, where ad pools, campaigns, and audiences can be listed, bought, and sold. The platform’s technology is jointly patented by NYIAX and Nasdaq (NDAQ).
NYIAX first filed for IPO in June 2022, looking for 20 million dollars.
