Chinese augmented reality based games developer Blue Hat Interactive Entertainment Technology is expecting to secure up to $18 million in an initial public offering (IPO).

Blue Hat Interactive, which filed with the U.S. Securities and Exchange Commission, intends to secure the proposed amount by offering 4.5 million shares at a price of $4.

This would command a market value of $150 million for Blue Hat Interactive Entertainment.

The company aims to list on the Nasdaq under the symbol BHAT. U.S. online brokerage company ViewTrade Securities Inc. is the sole bookrunner on the offering.