MyFiziq looks to raise $6M through fully underwritten IPO
Friday, July 24, 2015 by Proactive Investors
MyFiziq Limited is seeking up to $6 million through an initial public offering priced at $0.20 to commercialise its smartphone app that tracks changes to a person’s body shape.
This is underwritten by KTM Capital Pty Ltd.
Proceeds will be used to over the next two years for app development, technology building and testing, brand development, marketing and working capital.
The company’s app transforms photos of the user into a 3D avatar of themselves, allowing them to track changes week to week or month to month.