The blockchain financial trading platform TessPay plans to raise $7 million through an IPO

ChainCatcher news, the blockchain financial trading platform TessPay announced its IPO terms this Friday, planning to issue 1.3 million shares at a price range of $4 to $6 per share, aiming to raise $7 million. Based on the midpoint of the proposed price range, TessPay's fully diluted market capitalization will reach $72 million.

It is reported that TessPay was founded in 2017, and its revenue for the 12 months ending September 30, 2023, was $2 million. The company plans to list on the New York Stock Exchange under the ticker symbol TPI. TessPay's fintech platform utilizes blockchain technology to secure and streamline financial transactions, and the company stated that it will first deploy its services in the telecommunications industry.