Puhui Wealth Investment Management Co., Ltd. (NASDAQ:PHCF), a premier third-party wealth management service provider with focus on wealth management services for high net worth individuals and corporate clients, reported the anticipated closing of its initial public offering of its ordinary shares at a price of $6.00 per share on December 20th. The gross proceeds will be in excess of minimum US$8 million.

Joseph Stone Capital, LLC, a global provider of brokerage, investment banking, corporate/advisory services, served as sole underwriter and book-running manager for the offering.

The offering of these securities is made only by means of a prospectus. A registration statement relating to these securities being sold in the IPO has been declared effective by the Securities and Exchange Commission on November 6, 2018. This press release does not constitute an offer to sell in the United States or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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