Altech Digital, a Hong Kong-based provider of IT system development, maintenance, and consultancy services, withdrew its plans for an initial public offering on Tuesday. It had filed in August 2025 to raise $6 million by offering 1.5 million shares at a proposed price of $4. The company last updated its prospectus in November.
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 had planned to list on the Nasdaq under the symbol ALD. Pacific Century Securities and Revere Securities were set to be the joint bookrunners on the deal.
