Going International Holding, a Chinese provider of backtesting software for the financial industry, withdrew its plans for an initial public offering on Wednesday. It originally filed in December 2023 with a proposed deal size of $20 million.
The Shenzhen, China-based company was founded in 2020 and booked $15 million in revenue for the 12 months ended September 30, 2024. It had planned to list on the Nasdaq under the symbol GIT. Prime Number Capital was set to be the sole bookrunner on the deal.
