Pryor Cashman Client Hanryu Holdings Closes $8.8 Million IPO
Pryor Cashman client Hanryu Holdings, Inc., a media tech company and creator of social media experience FANTOO, announced the closing of its initial public offering (“IPO”) of 877,328 shares of common stock at $10 per share, with an approximate value of $8.8 million.
As part of the deal, Hanryu granted Aegis Capital Corp. a 45-day option to purchase up to 131,599 additional shares of common stock at the public offering price.
Hanryu was represented in the transaction by Partner Matthew Ogurick, with key assistance from Partner Michael Campoli, Counsel Taylor Weinstein, Associates Nigel Frank and Brian Dunlay, and Paralegal Toma Brown.
Following the August 1, 2023 IPO, Hanryu CEO Kang Chang Hyuk rang the opening bell at the Nasdaq MarketSite in New York on October 26, 2023; members of the Pryor Cashman team joined the representatives of Hanryu for the opening.
Read the full press release announcing the IPO using the link below.
