Longfin (NASDAQ:LFIN) Appoints Network 1 as Lead Underwriter as it Ramps Up for its Proposed Listing on NASDAQ
New York, NY, Sept. 06, 2017 (GLOBE NEWSWIRE) -- LongFin Corp. (NASDAQ:LFIN), today announced its initial public offering of 10,000,000 shares of its Class A common stock at a public offering price of $5.00 per share. The shares are expected to begin trading on the NASDAQ in October 2017, under the ticker symbol "LFIN".
Network 1 Financial Securities, Inc. is acting as lead book-running manager and underwriter for the offering.
A offering statement relating to these securities has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared qualified and effective by the SEC on June 16, 2017.
This initial public offering allows any investor the opportunity to invest in the Longfin's vision with the aim to raise $50 Million at $5.00 per share for by way of sale of 10 Million Class A shares of its common stock.
The offering is being made by means of Regulation A+ Tier II, and Longfin is the First Fintech company in Structured Trade Finance solutions segment to go public. For subscription and review, you can find the offering document, subscription agreement and other informational materials at www.ipoflow.com.
Please create an account and access LongFin's page under list of deals.
LongFin Corp is a United States Delaware based company. LongFin Corp., an ever-evolving Global Non-Bank Fintech Alternative Finance company specializing in Structured Trade Finance powered by Technology (Artificial Intelligence and Machine Learning) with locations from London to Singapore and India to Dubai, and we are expanding to the USA market as a Delaware based corporation headquartered in New York City and Miami.
About Network 1
Network 1 Financial Securities, Inc. is an independent, full-service securities firm. Established in 1983, we are dedicated to helping public, and private, companies take advantage of the rapidly changing equity markets. We are not just a "transaction oriented" investment banking firm. We are committed to the long-term prospect and growth of our clients. We realize that once we are engaged with a company, its financial concerns and well – being become our concerns. We pride ourselves in understanding the clients' long-term goals and ambitions and help them achieve success. Working with our clients to unlock shareholder value is our main objective. For more information visit www.Network1.com or contact Keith Testaverde at 800-886-7007 and may contact Keith Testaverde for Longfin offering statement through email [email protected].
Forward-looking & Safe Harbor Statement
This press release may include "forward-looking statements." To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes." Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in the offering statement that we will file with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and Longfin does not undertake any duty to update any forward-looking statements except as may be required by law.