ChowChow Cloud International Holdings, a Hong Kong-based provider of digital transformation consulting and other IT services, raised $10 million by offering 2.6 million shares at $4.00, the low end of the range of $4.00 to $4.50. At pricing, the company commands a market value of $140 million.
ChowChow Cloud's business primarily comprises digital transformation consulting services, professional IT services, AI-powered proactive cloud managed services, and IT infrastructure solutions. The company primarily operates in the Asia-Pacific region with a strong presence in Hong Kong and Singapore, though it has expanded to other geographies including the Philippines, Taiwan, Indonesia, and Australia.
ChowChow Cloud International Holdings plans to list on the NYSE American under the symbol CHOW. Tiger Brokers acted as sole bookrunner on the deal.
