On December 17, 2020, Oriental Culture Holding LTD. (the “Company”), represented by AllBright Law Offices, officially announced the closing of its initial public offering (“IPO”). The Company issued 5,065,000 ordinary shares at a price of $4.00 per share and raised $20.26 million. The Company commenced trading on the Nasdaq Exchange Capital Market (“Nasdaq”) in the United States under the ticker symbol “OCG” on December 15, 2020.
The Company is an online provider of collectibles and artwork e-commerce services, allowing collectors, artists, art dealers and owners to access a much bigger art trading market where they can engage with a wider range of collectibles or artwork investors than they could likely encounter without those platforms.
Despite the tension between China and the United States in recent years, the higher listing standards of Nasdaq, the more tightened regulations on Chinese companies from U.S. security regulators, and the adverse impact of the COVID-19 pandemic on the global capital markets this year, the Company became one of the successful listings in these turbulent times.
The AllBright legal team, led by Senior Partner Steve Zhu and including Partner Joy Huang, Partner Chen Liang, associate Lin Ken, associate Xu Xiaolu, paralegal Elaine Yu, and paralegal Cindy Wang, served as the legal counsel to the Company and advised on PRC legal matters.