ChowChow Cloud International Holdings, a Hong Kong-based provider of digital transformation consulting and other IT services, filed on Tuesday with the SEC to raise up to $11 million in an initial public offering.
The company plans to raise $11 million by offering 2.6 million shares at a price range of $4.00 to $4.50. At the midpoint of the proposed range, ChowChow Cloud International Holdings would command a market value of $149 million.
ChowChow Cloud's business primarily comprises digital transformation consulting services, professional IT services, AI-powered proactive cloud managed services, and IT infrastructure solutions. The company primarily operates in the Asia-Pacific region with a strong presence in Hong Kong and Singapore, though it has expanded to other geographies including the Philippines, Taiwan, Indonesia, and Australia.
ChowChow Cloud International Holdings was founded in 2014 and booked $19 million in revenue for the 12 months ended June 30, 2024. It plans to list on the NYSE American but has not selected a symbol yet (RC ticker: CHOW.RC). The company filed confidentially on October 25, 2024. Maxim Group LLC is the sole bookrunner on the deal.
