After Withdrawing Old Filing, Hong Kong Mobile App Developer EvoNexus Group (EVON.US) Rapidly Restarts IPO, Boosting Deal Size by 90%

Stock News
01/19

Hong Kong-based social and entertainment mobile application developer EvoNexus Group (EVON.US) increased the number of shares it plans to offer in its U.S. initial public offering (IPO) last Friday.

The company now intends to offer 3.8 million shares at a price of $4 per share.

This follows its initial filing last September, where it proposed to offer 2 million shares at the same price to raise $8 million.

Last Tuesday, the company filed a Form RW, withdrawing the F-1 document submitted in September, and re-submitted its application for a Nasdaq IPO on Friday.

The newly filed document also updates the financial performance for the six-month period ended August 31, 2025.

EvoNexus develops and operates a portfolio of mobile applications primarily focused on social networking and entertainment.

Its product lineup includes apps such as LivChat, BunchatLite, PeachU, Meeya, MeetClub, BakBak, UpChat, Timo, and RealCall.

Founded in 2019 and headquartered in Hong Kong, the company generated $11 million in revenue for the twelve months ended August 31, 2025.

The company still plans to list on the Nasdaq exchange under the ticker symbol EVON.

Kingswood Capital Markets is the sole bookrunner for the transaction.

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