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Hitek Global Priced, Nasdaq: HKIT

Provides IT consulting and solutions services in China.

Industry: Technology

Latest Trade: $1.55 0.00 (0.0%)

First Day Return: +11.2%

Return from IPO: -69.0%

Industry: Technology

We are an information technology (IT) consulting and solutions service provider focusing on delivering services to business in various industry sectors in China. As of the date of prospectus, we have two lines of businesses: 1) services to small and medium businesses (SMEs), which consists of Anti-Counterfeiting Tax Control System (ACTCS) tax devices, including Golden Tax Disk (GTD) and printers, ACTCS services, and IT services, and 2) services to large businesses, which consists of hardware sales and software sales. We expect to actively develop our system integration services and online service platform in the near future. Our vision is to become a one-stop consulting destination for holistic IT and other business consulting services in China. Our VIE entity, HiTek, is authorized to carry out the sales of Golden Tax Disk and a market leader in the Xiamen metropolitan area with respect to ACTCS tax device and services. We provide our customers with the necessary ACTCS for their value added tax (VAT) reporting, collection and processing. Since 1996, we have been the number one ACTCS services provider for Xiamen business enterprises according to the data compiled by Xiamen Province Taxation Bureau.
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IPO Data
IPO File Date 11/20/2018
Offer Price $5.00
Price Range $5.00 - $5.00
Offer Shares (mm) 3.2
Deal Size ($mm) $16
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/31/2023
Offer Price $5.00
Price Range $5.00 - $5.00
Offer Shares (mm) 3.2
Deal Size ($mm) $16
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Pacific Century Securities
R.F. Lafferty & Co.
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Company Data
Headquarters Xiamen, China
Founded 1996
Employees 63
Website www.xmhitek.com

Hitek Global (HKIT) Performance