Going International Holding, a Chinese provider of backtesting software for the financial industry, filed on Friday with the SEC to raise up to $20 million in an initial public offering.
Going International specializes in backtesting solutions to the financial community, particularly those engaged in quantitative trading strategies development and related services. Its backtesting services include cloud-based SaaS solutions, as well as customized backtesting system development. The backtesting SaaS platform integrates data, strategies, and distributed task scheduling for computing power resources, and supports multiple markets and various strategy execution frameworks. The company also provides enterprise management SaaS solutions for small and medium-sized enterprises.
The Shenzhen, China-based company was founded in 2020 and booked $10 million in revenue for the 12 months ended March 31, 2023. It plans to list on the Nasdaq under the symbol GIT. Going International Holding filed confidentially on March 28, 2023. Prime Number Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
