ECST Holdings, a Hong Kong-based provider of a cloud-based enterprise management platform, filed on Wednesday with the SEC to raise up to $9 million in an initial public offering.
The company plans to raise $8 million by offering 2 million shares at $4. At the proposed price, ECST Holdings would command a market value of $88 million.
ECST provides an all-in-one platform of cloud-based enterprise resource planning (ERP) solutions. The company targets enterprises in Hong Kong with outdated and disparate software systems spanning industries such as trading, retail, service, and construction, among others.
ECST Holdings was founded in 2012 and booked $4 million in revenue for the 12 months ended March 31, 2025. It plans to list on the Nasdaq under the symbol ECST. Eddid Securities and Futures is the sole bookrunner on the deal.
