Core Viewpoint - Sharewow, a Chinese company providing 3D portrait photography services, has filed for an IPO with the SEC, aiming to raise up to $30 million and plans to list on NASDAQ under the ticker symbol SUWA [1][2]. Company Overview - Sharewow is headquartered in Xiamen, China, and was established in 2016. The company primarily serves enterprise clients in China and globally, offering products such as 3D photography studios, printing equipment, and supporting software [2][4]. - As of December 31, 2024, Sharewow's revenue for the preceding 12 months was $2 million [4]. Financial Performance - For the year ended December 31, 2023, Sharewow reported revenues of approximately RMB 12.7 million (around $1.97 million) and projected revenues of RMB 14.1 million (approximately $2.1 million) for 2024 [5]. - The cost of revenues for 2023 was RMB 8.3 million (about $1.23 million), resulting in a gross profit of RMB 4.4 million (approximately $741,487) [5]. - Operating expenses totaled RMB 10.1 million (around $1.68 million) in 2023, leading to a loss from operations of RMB 5.7 million (approximately $937,223) [5]. - The net loss for 2023 was RMB 5.5 million (about $918,137) [5]. Market Presence - Sharewow's client base spans 20 provinces in mainland China and includes customers in nine countries, such as Australia, Saudi Arabia, and South Korea [2]. IPO Details - Kingswood Capital Markets is the exclusive book-running manager for the IPO, although no pricing terms have been disclosed yet [6].