ECST Holdings, a Hong Kong-based provider of a cloud-based enterprise management platform, raised the proposed deal size for its upcoming IPO on Thursday.
The Hong Kong-based company now plans to raise $28 million by offering 5 million shares at a price range of $5 to $6. The company had previously filed to offer 2 million shares at $4. At the midpoint of the revised terms, ECST Holdings will raise 244% more in proceeds than previously anticipated and command a market cap of $138 million (+56% versus previous terms).
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 The company targets enterprises in Hong Kong with outdated and disparate software systems spanning industries such as trading, retail, service, and construction, among others.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 2009 and booked $4 million in revenue for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol ECST. Eddid Securities and Futures is the sole bookrunner on the deal.
