Asset Entities Inc.

General Information
Business:

Asset Entities is a technology company providing social media marketing and content delivery services across Discord, TikTok, and other social media platforms. We also design, develop and manage servers for communities on Discord. Based on the rapid growth of our Discord servers and social media following, we have developed three categories of services: (1) our Discord investment education and entertainment services, (2) social media and marketing services, and (3) our AE.360.DDM services. All of our services are based on our effective use of Discord as well as other social media, including TikTok, Twitter, Instagram, and YouTube.

Our Discord investment education and entertainment service is designed primarily by and for enthusiastic Generation Z, or Gen Z, retail investors, creators and influencers. Gen Z is commonly considered to be people born between 1997 and 2012. Our investment education and entertainment service focuses on stock, real estate, cryptocurrency, and nonfungible tokens, or NFTs, community learning programs designed for the next generation. While we believe that Gen Z will continue to be our primary market, our recently expanded Discord server offering also features education and entertainment content covering real estate investments, which is expected to appeal strongly to older generations as well. Our current combined server user membership is approximately 270,000 as of June 2022. During the quarter ended June 30, 2022, we received revenue from 723 paying subscribers. We define “members” as all Discord users who join any of our Discord servers, regardless of whether they subscribe to our premium content, and “paying subscribers” as members who pay a fee to subscribe to our premium Discord content.

Our “AE.360.DDM, Design Develop Manage” service, or “AE.360.DDM”, is a suite of services to individuals and companies seeking to create a server on Discord. We believe we are the first company to provide “Design, Develop and Manage,” or DDM, services for any individual, company, or organization that wishes to join Discord and create their own community. With our AE.360.DDM rollout, we are uniquely positioned to offer DDM services in the growing market for Discord servers.

(Note: Asset Entities Inc. priced its IPO on Feb. 2, 2023, in sync with the terms in its prospectus: 1.5 million shares at $5.00 each to raise $7.5 million. Asset Entities updated its IPO terms in an S-1/A filing on Nov. 15, 2022, by stating that the assumed IPO price is $5.00 on 1.5 million shares, the same number of shares in its initial terms disclosed on Oct. 31, 2022. The company had initially set a price range of $4.00 to $6.00. Asset Entities filed its S-1 dated Sept. 2, 2022, following filing confidential IPO documents with the SEC on May 2, 2022.)

 

Industry: Services - Pre-Packaged Software
Employees: 6
Founded: 2020
Contact Information
Address 100 Crescent Ct, 7th Floor, Dallas, TX 75201
Phone Number (214) 459-3117
Web Address https://www.assetentities.com/
View Prospectus: Asset Entities Inc.
Financial Information
Market Cap $41.93mil
Revenues $0.62 mil (last 12 months)
Net Income $-0.33 mil (last 12 months)
IPO Profile
Symbol ASST
Exchange NASDAQ
Shares (millions): 1.5
Price range $5.00 - $5.00
Est. $ Volume $7.5 mil
Manager / Joint Managers Boustead Securities
CO-Managers
Expected To Trade: 2/3/2023
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change