Earlyworks Co., Ltd. successfully listed on the Nasdaq Capital Market
Industry: Blockchain
Listing Date: July 2023, Nasdaq Capital Market
Raised: US$6 Million
Partners: Internationally renowned investment banks and securities firms
DY Group Holdings Limited successfully assisted Earlyworks Co., Ltd. (ELWS) in its IPO on the Nasdaq Capital Market, raising US$6 million in capital, demonstrating the growth potential of Asian companies in the US capital market.
Earlyworks Co., Ltd., founded in May 2018, is a blockchain-based technology company registered in Japan. It builds products, provides services, and develops solutions based on its proprietary Grid Ledger System (GLS). Its product portfolio includes an advertising tracking system, a survey creation and collection system, a contract data management platform (AMBITION-Sign), and an NFT trading platform (Animap). The company leverages blockchain technology in various business contexts, including ad tracking, online visitor management, and non-fungible token sales. The company generates revenue through software and system development services, as well as consulting and solution services. For this US listing, HomesToLife Ltd cooperated with a well-known international investment bank to issue 1.2 million American Depositary Shares (ADS) at a price of US$5.0 per share, laying a solid foundation for future expansion.