By Stephen Nakrosis
Earlyworks said its initial public offering of 1.2 million American depositary shares would price at $5 an ADS.
The ADSs are expected to begin trading on the Nasdaq Capital Market on July 25 under the symbol ELWS.
Earlyworks operates a proprietary private blockchain technology, Grid Ledger System. Proceeds from the IPO will be used to invest in research and development of GLS and GLS-System Development Kit, as well as to recruit global talents, and for other purposes, the company said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
07-24-23 1638ET