AgiiPlus, a Chinese workspace provider, withdrew its plans for an initial public offering on Wednesday. It originally filed in September 2022, and most recently planned to raise $9 million by offering 1.4 million shares at a price range of $6 to $7.
This was AgiiPlus' second attempt to go public. In 2021, the company had entered into a merger agreement with SPAC Goldenbridge Acquisition (now SDA), but it was terminated in 2022.
The Shanghai, China-based company was founded in 2016 and booked $45 million in revenue for the 12 months ended December 31, 2023. It had planned to list on the Nasdaq under the symbol AGII. Kingswood Capital Markets was set to be the sole bookrunner on the deal.
