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NFT Project Wants to IPO

27/10/2022 12:13
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StoneHold game by Ultimax, Oct 2022

StoneHold game by Ultimax, Oct 2022

NFTs may get the first stock market debut with a little known company, Ultimax Digital Inc., wanting to raise $11 million by offering 2.5 million shares at a price range of $4 to $5, giving it a market cap of $83 million.

They had no revenue for either 2020 or 2021, but they have two games. One called Geminose – Animal Popstars, which they describe as “a delightful kids game for the Nintendo Switch,” and another called StoneHold, a Free to Play (F2P), multiplayer (two teams of up to five players each), fantasy game in the genre known as a Multiplayer Online Battle Arena (MOBA).

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