ChowChow Cloud Announces Pricing of Initial Public Offering
Globenewswire·2025-09-16 04:30

Core Viewpoint - ChowChow Cloud International Holdings Limited has announced the pricing of its initial public offering (IPO) of 2,600,000 ordinary shares at a price of US$4.00 per share, aiming for total gross proceeds of US$10,400,000 before expenses [1][2]. Company Overview - ChowChow Cloud is a technology company that provides one-stop cloud solutions in Hong Kong, supporting companies throughout their entire cloud transformation journey, including consulting, deployment, migration, and management [6]. - Founded in December 2014 by experienced professionals, the company aims to bridge the gap between cloud service providers and businesses seeking to adopt cloud technology [6]. Offering Details - The IPO includes a 45-day option for the underwriter to purchase up to 390,000 additional shares, representing 15% of the shares sold in the offering, to cover over-allotments [2]. - The ordinary shares are expected to begin trading on the NYSE American under the symbol "CHOW" on September 16, 2025, with the offering expected to close on September 17, 2025, subject to customary closing conditions [2]. Legal and Regulatory Information - A registration statement on Form F-1 has been filed with the SEC and was declared effective on September 15, 2025, with the offering being made only by means of a prospectus [4].