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NYIAX (NYX), which has developed an adtech and technology platform for Nasdaq, has reduced its value in an initial public offering by $8M.
NYIAX said it now wants to raise $8M Total value of 1.64M shares price between $4.50 and $5.50. Underwriters will be given a 30-day option to purchase up to $1.23M more.
NYUAX expects to list its shares on the Nasdaq under the symbol NYX. Boustead and WestPark are serving as book guides.
Based in New York City, NYIAX has created a blockchain market with Nasdaq where commercial, advertising and audience securities can be listed, bought and sold. The platform’s technology is jointly approved by NYIAX and Nasdaq (NDAQ).
NYUAX first filed for an IPO in June 2022, seeking $20M.
