03:50 AM EDT, 07/19/2024 (MT Newswires) -- QMMM Holdings ( QMMM ) said late Thursday it priced its initial public offering of about 2.2 million ordinary shares at $4 per share for expected gross proceeds of $8.6 million.

Underwriters have been granted a 45-day option to purchase up to 322,500 additional shares.

The shares are expected to debut on the Nasdaq Capital Market this Friday under the ticker symbol, "QMMM ( QMMM )."

Closing of the offering is expected to occur around July 22, according to the digital advertising and marketing production services company.