Hong Kong Web3 service provider Web3 Labs Global (MDAT.US) plans to price its US IPO at $4-5 per share, intending to raise up to $28 million.

Web3 Labs Global, a Web3 services provider headquartered in Hong Kong, submitted an application to the U.S. Securities and Exchange Commission (SEC) on Wednesday through its global arm (MDAT.US). They plan to issue 6.3 million shares at a price of $4 to $5 per share, raising a maximum of $28 million through an initial public offering (IPO). Based on the midpoint of the price range, Web3 Labs Global will have a market value of approximately $141 million. Web3 Labs Global is a Hong Kong-based provider of Web3-related commercial services, focusing on supporting blockchain and decentralized technology enterprises (including startups). Their services include strategic consulting, entrepreneurial incubation and accelerator project management, as well as marketing, market research, and general business consulting operations. The company aims to help Web3 enterprises develop and commercialize decentralized products and services, while expanding its business footprint through coverage of the Asian region. Founded in 2017, this Hong Kong company achieved revenue of $2 million in the 12 months ending December 31, 2025. The company plans to list on the NASDAQ with the stock code "MDAT". Web3 Labs Global submitted its listing application confidentially on November 3, 2025. Eddid Securities USA Inc. serves as the exclusive bookrunner for this offering.