Hong Kong digital marketing company MediaOn Group (MEON.US) plans to price its IPO at $4-6 per share, aiming to raise $20 million.

According to the Chinese financial app, Hong Kong-based digital marketing and advertising solutions provider MediaOn Group (MEON.US) submitted documents to the US Securities and Exchange Commission on Wednesday, planning to raise up to $20 million through an initial public offering. The company plans to issue 3.9 million shares at a price of $4 to $6 per share (with 49% being secondary offerings), aiming to raise $20 million. Based on the midpoint of the offering price range, MediaOn Group's market value will reach $110 million.