{"id":787581,"date":"2023-10-02T21:16:56","date_gmt":"2023-10-03T01:16:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/univest-securities-llc-announces-closing-of-10-million-initial-public-offering-of-class-a-ordinary-shares-for-its-client-vs-media-holdings-limited-nasdaq-vsme\/"},"modified":"2023-10-02T21:16:56","modified_gmt":"2023-10-03T01:16:56","slug":"univest-securities-llc-announces-closing-of-10-million-initial-public-offering-of-class-a-ordinary-shares-for-its-client-vs-media-holdings-limited-nasdaq-vsme","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/univest-securities-llc-announces-closing-of-10-million-initial-public-offering-of-class-a-ordinary-shares-for-its-client-vs-media-holdings-limited-nasdaq-vsme\/","title":{"rendered":"Univest Securities, LLC Announces Closing of $10 Million Initial Public Offering of Class A Ordinary Shares for its Client VS Media Holdings Limited (Nasdaq: VSME)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">New York, Oct.  02, 2023  (GLOBE NEWSWIRE) &#8212; Univest Securities, LLC (\u201cUnivest\u201d), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of an initial public offering (the \u201cOffering\u201d) of 2,000,000 Class A ordinary shares at a public offering price of US$5.00 per Class A ordinary share for its client VS Media Holdings Limited (Nasdaq: VSME) (the \u201cCompany\u201d or \u201cVS Media\u201d), a Hong Kong-based company which manages a global network of digital creators (\u201cCreators\u201d) who create and publish content to social media platforms such as YouTube, Facebook, Instagram, and TikTok. The Class A ordinary shares began trading on the Nasdaq Capital Market on September 28, 2023 under the ticker symbol \u201cVSME.\u201d<\/p>\n<p align=\"justify\">The Company received aggregate gross proceeds of US$10.00 million from the Offering, before deducting underwriting discounts and other related expenses.<\/p>\n<p align=\"justify\">Proceeds from the Offering will be used for: (i) expanding business scale and territory expansion for North America and Southeast Asia; (ii) building its Creators Incubation Program to further recruit and develop talented Creators; (iii) repaying its sharegolder and bank loan; (iv) building its Data Analytic Platform; (v) reserving for general working capital; and (vi) expanding manpower and talent pool.<\/p>\n<p align=\"justify\">The Offering was conducted on a firm commitment basis. Univest Securities, LLC acted as the sole book-running manager for the Offering. Sichenzia Ross Ference LLP acted as U.S. counsel to the Company, and Ortoli Rosenstadt LLP acted as U.S. counsel to Univest in connection with the Offering.<\/p>\n<p align=\"justify\">A registration statement on Form F-1, as amended (File No. 333-273914), relating to the Offering was filed with the Securities and Exchange Commission (\u201cSEC\u201d) by the Company and declared effective by the SEC on September 26, 2023. The Offering was made only by means of a prospectus, forming a part of the registration statement. Copies of the prospectus relating to the Offering may be obtained from Univest, Attn: 75 Rockefeller Plaza, Suite 18C, New York, NY 10019, by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FTY7eJlzGXMKZSuTY-BY_rLsO9V-9jd8ianCngTPtvvicd6yBjcMbCL7gZANYmaGmY5B7x8ugEXk3tKHPZpI2Q==\" rel=\"nofollow noopener\" target=\"_blank\">info@univest.us<\/a>, or by calling +1 (212) 343-8888. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC&#8217;s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=p5ZUJK9dr_Cw84zFyYPXgCdwF6T9jpRRu20UrpXQmIcVf2iQlIQrq9hVkr3vdKEEz9A9TsvMcEQfTmtr4RAC8Q==\" rel=\"nofollow noopener\" target=\"_blank\">www.sec.gov<\/a>.<\/p>\n<p align=\"justify\">This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company\u2019s securities, nor shall there be any offer, solicitation or sale of any of the Company\u2019s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.<\/p>\n<p align=\"justify\">\n        <strong>About Univest Securities, LL<\/strong><br \/>\n        <strong>C<\/strong>\n      <\/p>\n<p align=\"justify\">Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally including brokerage and execution services, sales and trading, market making, investment banking and advisory, wealth management. It strives to provide clients with value-add service and focuses on building long-term relationship with its clients. For more information, please visit: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QK4fE2ZZ3dl_0oKGj_FRq2jZzI-a-adjQZTBvEvpFJHvPPt8W14hy4xJDoOd-farZq3a8UJGXqOx99o4Hi362w==\" rel=\"nofollow noopener\" target=\"_blank\">www.univest.us<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About <\/strong><br \/>\n        <strong>VS Media Holdings<\/strong><br \/>\n        <strong> Limited<\/strong>\n      <\/p>\n<p align=\"justify\">VS Media Holdings Limited is a Hong Kong-based company which manages a global network of digital creators (\u201cCreators\u201d) who create and publish content to social media platforms such as YouTube, Facebook, Instagram, and TikTok. Their Creators include influencers, KOLs\u2014Key Opinion Leaders, bloggers, and other content creators who cultivate fanbases on social media platforms. The Company empowers and supports Creators by (i) providing them with production facilities, training, and funding to produce quality content; (ii) helping them expand their social media influence and fanbase by assisting with marketing, public relations and audience analytics; and (iii) most importantly, enabling them to monetize their influence by working effectively with brands, platforms, and fans. It also bridges the divide between brands and Creators through helping brands reach their target audience effectively by (i) advising on content strategy and budget and recommending specific Creators; (ii) communicating with and managing selected Creators; (iii) producing engaging and relevant content with Creators to promote key messages for brands; (iv) publishing branded content on Creators\u2019 social media channels; (v) amplifying the reach of Creators\u2019 and brands\u2019 content through precise media planning and buying on social media platforms; (vi) providing optimization and retainer services through data analysis and reporting. For more information, please visit the Company\u2019s website: <a href=\"\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.vs-media.com\/<\/a>.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Forward-Looking Statements<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as \u201cmay, \u201cwill, \u201cintend,\u201d \u201cshould,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cproject,\u201d \u201cestimate\u201d or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company\u2019s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the \u201cRisk Factors\u201d section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company\u2019s filings with the SEC, which are available for review at\u00a0<\/em><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=p5ZUJK9dr_Cw84zFyYPXgB9qnrcGr6XJjJgvZ5G_EhSyVlq3AmWlbGehgG4vjeoM5es5bnHgsS9tTXyx5GwEL3iiYBz5Iep9PbeqYMfOddPbOawJSN7dfR1t2V1aKCjbqWrmWWZeLaoU2uINaYcBbGfVAx4s-TzAroylxmI9lDi1hC8L4LmBrWl8SWHqd5T0z-GGkPspOnl-cDJtjodXtNq0QIDqzYFlqJfEqgULVFc=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <em>www.sec.gov<\/em><br \/>\n        <\/a><br \/>\n        <em>. Univest Securities LLC and the <\/em><br \/>\n        <em>Company <\/em><br \/>\n        <em>undertakes<\/em><br \/>\n        <em> no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.<\/em>\n      <\/p>\n<p>\n        <strong>For more information, please contact:<\/strong>\n      <\/p>\n<p>\n        <strong>Univest Securities, LLC<\/strong><br \/>\n        <br \/>\n        <strong>Edric Guo<\/strong><br \/>\n        <br \/>\n        <strong>Chief Executive Officer<\/strong><br \/>\n        <br \/>75 Rockefeller Plaza, Suite 18C<br \/>New York, NY 10019<br \/>Phone: (212) 343-8888<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FTY7eJlzGXMKZSuTY-BY_l97jYZUnUbabsHf95fQepjTQAa5wLSnBlh-WsNvfYNuoP2SfoTyi-a0yeCsneJu2A==\" rel=\"nofollow noopener\" target=\"_blank\">info@univest.us<\/a><\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0MjExMyM1ODUyODU4IzUwMDA2NDE0MQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MjJkNmExZjUtMDNmMi00ZmVjLThmZjQtMWFjMjcwYjAyYmUxLTUwMDA2NDE0MQ==\/tiny\/Univest-Securities-LLC.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New York, Oct. 02, 2023 (GLOBE NEWSWIRE) &#8212; Univest Securities, LLC (\u201cUnivest\u201d), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of an initial public offering (the \u201cOffering\u201d) of 2,000,000 Class A ordinary shares at a public offering price of US$5.00 per Class A ordinary share for its client VS Media Holdings Limited (Nasdaq: VSME) (the \u201cCompany\u201d or \u201cVS Media\u201d), a Hong Kong-based company which manages a global network of digital creators (\u201cCreators\u201d) who create and publish content to social media platforms such as YouTube, Facebook, Instagram, and TikTok. The Class A ordinary shares began trading on the Nasdaq Capital Market on September 28, 2023 under &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/univest-securities-llc-announces-closing-of-10-million-initial-public-offering-of-class-a-ordinary-shares-for-its-client-vs-media-holdings-limited-nasdaq-vsme\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Univest Securities, LLC Announces Closing of $10 Million Initial Public Offering of Class A Ordinary Shares for its Client VS Media Holdings Limited (Nasdaq: VSME)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-787581","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Univest Securities, LLC Announces Closing of $10 Million Initial Public Offering of Class A Ordinary Shares for its Client VS Media Holdings Limited (Nasdaq: VSME) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/univest-securities-llc-announces-closing-of-10-million-initial-public-offering-of-class-a-ordinary-shares-for-its-client-vs-media-holdings-limited-nasdaq-vsme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Univest Securities, LLC Announces Closing of $10 Million Initial Public Offering of Class A Ordinary Shares for its Client VS Media Holdings Limited (Nasdaq: VSME) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New York, Oct. 02, 2023 (GLOBE NEWSWIRE) &#8212; Univest Securities, LLC (\u201cUnivest\u201d), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of an initial public offering (the \u201cOffering\u201d) of 2,000,000 Class A ordinary shares at a public offering price of US$5.00 per Class A ordinary share for its client VS Media Holdings Limited (Nasdaq: VSME) (the \u201cCompany\u201d or \u201cVS Media\u201d), a Hong Kong-based company which manages a global network of digital creators (\u201cCreators\u201d) who create and publish content to social media platforms such as YouTube, Facebook, Instagram, and TikTok. The Class A ordinary shares began trading on the Nasdaq Capital Market on September 28, 2023 under &hellip; Continue reading &quot;Univest Securities, LLC Announces Closing of $10 Million Initial Public Offering of Class A Ordinary Shares for its Client VS Media Holdings Limited (Nasdaq: VSME)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/univest-securities-llc-announces-closing-of-10-million-initial-public-offering-of-class-a-ordinary-shares-for-its-client-vs-media-holdings-limited-nasdaq-vsme\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-03T01:16:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0MjExMyM1ODUyODU4IzUwMDA2NDE0MQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/univest-securities-llc-announces-closing-of-10-million-initial-public-offering-of-class-a-ordinary-shares-for-its-client-vs-media-holdings-limited-nasdaq-vsme\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/univest-securities-llc-announces-closing-of-10-million-initial-public-offering-of-class-a-ordinary-shares-for-its-client-vs-media-holdings-limited-nasdaq-vsme\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Univest Securities, LLC Announces Closing of $10 Million Initial Public Offering of Class A Ordinary Shares for its Client VS Media Holdings Limited (Nasdaq: VSME)\",\"datePublished\":\"2023-10-03T01:16:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/univest-securities-llc-announces-closing-of-10-million-initial-public-offering-of-class-a-ordinary-shares-for-its-client-vs-media-holdings-limited-nasdaq-vsme\\\/\"},\"wordCount\":983,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/univest-securities-llc-announces-closing-of-10-million-initial-public-offering-of-class-a-ordinary-shares-for-its-client-vs-media-holdings-limited-nasdaq-vsme\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODk0MjExMyM1ODUyODU4IzUwMDA2NDE0MQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/univest-securities-llc-announces-closing-of-10-million-initial-public-offering-of-class-a-ordinary-shares-for-its-client-vs-media-holdings-limited-nasdaq-vsme\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/univest-securities-llc-announces-closing-of-10-million-initial-public-offering-of-class-a-ordinary-shares-for-its-client-vs-media-holdings-limited-nasdaq-vsme\\\/\",\"name\":\"Univest Securities, LLC Announces Closing of $10 Million Initial Public Offering of Class A Ordinary Shares for its Client VS Media Holdings Limited (Nasdaq: VSME) - 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