DeHeng Advised MMTEC's IPO on NASDAQ

2019-1-11

On January 8, 2019 EST, MMTEC, Inc.（"MMTEC"）, the BVI parent company of Gujia (Beijing) Technology Co., Ltd., was listed on the NASDAQ Stock Exchange, with the stock code of "MTC". DeHeng provided legal services for this IPO.

MMTEC offers services in helping individual investors to open US stock account and trade US stocks, and providing relevant training and community service through its online platform (www.51mm.com). In addition, it provides institutional investors with technical support for their overseas asset management using its exclusive innovative ETN technology. Established in 2015, Gujia (Beijing) Technology Co., Ltd. is one of the pioneering professional internet platforms to provide services in US stock account opening and US stock investment for Chinese mainland users. In 2016, the company acquired MM iGlobal, Inc., a US brokerage firm established in 1937. 

DeHeng acted as the Issuer's PRC legal counsel in the IPO. The legal team was led by Li Zhongxuan, partner from DeHeng Shenzhen office, and composed of lawyers Yang Ziyan, Huang Siping and Zhao Yimn. The team provided professional, comprehensive and high-quality legal services for the listing.