Hong Kong-based software development services provider BAO Holding Limited has resubmitted its prospectus to the U.S. Securities and Exchange Commission (SEC) last Friday, aiming to raise up to $17 million through an initial public offering (IPO). The company initially filed an F-1 form and set its offering terms in August 2025, but subsequently withdrew the application in December 2025. According to the latest filing, BAO Holding Limited plans to issue 3.8 million shares at a price range of $4 to $5 per share, targeting a fundraising amount of approximately $17 million. Based on the proposed offering size, the company's post-listing market capitalization would reach about $91 million, reflecting a 12.5% increase compared to the previous terms. The company intends to list on the Nasdaq under the ticker symbol "BAO". Established in 2018, BAO Holding Limited is an IT solutions provider specializing in customized software development and technology solutions by leveraging data analytics and programming capabilities. The company also offers deployment and integration services for sensors, control systems, and other hardware, such as smart displays, self-service kiosks, intelligent lockers, and vending machines, to deliver automated or semi-automated solutions.