Altech Digital, a Hong Kong-based provider of IT system development, maintenance, and consultancy services, filed on Thursday with the SEC to raise up to $6 million in an initial public offering.
The company plans to raise $6 million by offering 1.5 million shares at $4. At the proposed price, Altech Digital would command a market value of $118 million.
Through its operating subsidiary Altech Hong Kong, the company provides IT services that fall into two categories: system development services, which involve developing web-based systems and mobile applications, and maintenance and consultancy services for these systems after development.
The Hong Kong-based company was founded in 2022 and booked $3 million in revenue for the 12 months ended March 31, 2025. It plans to list on the Nasdaq under the symbol ALD. Altech Digital filed confidentially on June 10, 2025. Pacific Century Securities and Revere Securities are the joint bookrunners on the deal.
