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Chinese software services provider Powerbridge Technologies files for a $15 million US IPO

January 4, 2019
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Powerbridge Technologies, a China-based provider of global trade management applications
and services, filed on Friday with the SEC to raise up to $15 million in an initial public offering.

The Zhuhai, China-based company was founded in 1997 and booked $23 million in revenue for the 12 months ended June 30, 2018. It plans to list on the Nasdaq under the symbol PBTS. Powerbridge Technologies filed confidentially on September 26, 2018. Maxim Group LLC and The Benchmark Company are the joint bookrunners on the deal. No pricing terms were disclosed.