By Ben Glickman
QMIS TBS Capital Group has filed for an initial public offering with the Securities and Exchange Commission.
The company said Thursday it operates subsidiaries engaged in independent advisory and brokerage services, venture capital, investment research and investment banking.
QMIS TBS has applied to list its shares on the Nasdaq Capital Market under the symbol QMIX.
The company didn’t say how many shares it would offer or give an estimated price range.
QMIS TBS said in the filing it would use the proceeds from the offering for business expansion, technology innovation and general working capital.
The firm had revenue of $1.26 million in 2022 and posted a loss of $2.25 million.
Chief Executive Chin Yung Kong is listed as owning 43.7% of the company’s shares prior to the offering, and operating chief TingTing Gu owns 29.4% of the company.
Pacific Century Securities is listed as the underwriter of the offering.
Write to Ben Glickman at [email protected]
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