Not WFMC, This older PR says they are going to get a new stock symbol for the IPO. The Encryption IPO will be $10.00. WFMC will own most of those shares. So WFMC stock price should definitely should go up after the IPO.
Woodman Holdings plan to launch each one of its divisions as a public traded company.
The first division of Wham Inc. that will become a public traded company through its first offering will be the Mobile Encryption Technology Division. This division, not Wham Inc., will be receiving a new ticker symbol