Zerolimit Technology Holding, a China-based provider of cloud networking software and equipment, filed on Monday with the SEC to raise up to $8 million in an initial public offering.
The Shenzhen, China-based company plans to raise $8 million by offering 2 million shares at $4. At the proposed price, Zerolimit Technology Holding would command a market cap of $208 million.
Zerolimit's distributed network infrastructure software is designed to enable users to set up distributed networks or migrate existing centralized applications to distributed networks. Its software can build a proprietary distributed network that can be deployed across a multitude of devices, from servers to personal computers, tablets, and certain mobile phones, which can simultaneously serve as nodes on the distributed network. The company's primary product is its Cloud Data Base Station Node Software.
The Shenzhen, China-based company was founded in 2017 and plans to list on the Nasdaq under the symbol ZDAN. Zerolimit Technology Holding filed confidentially on March 25, 2024. Prime Number Capital is the sole bookrunner on the deal.
