Hong Kong-Based IT Services Firm Altech Digital (ALD.US) Withdraws $6 Million US IPO Plan

Stock News

Jan 07

Altech Digital (ALD.US), a Hong Kong-based provider of IT system development, maintenance, and consulting services, withdrew its initial public offering plan on Tuesday. The company had initially filed the application in August 2025, aiming to issue 1.5 million shares at $4 per share to raise $6 million, with its most recent prospectus update occurring last November. Through its operating subsidiary, Altech (Hong Kong), the company delivers two primary categories of IT services: system development, which includes web systems and mobile application development, and subsequent maintenance and consulting services for established systems. Established in 2022, this Hong Kong-headquartered company generated revenue of $3 million for the 12-month period ending March 31, 2025. The firm had originally planned to list on the Nasdaq under the stock ticker "ALD." Pacific Century Securities and Revere Securities were previously designated as the joint bookrunning managers for the offering.

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The company had initially...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ALD":"联合资本"},"translate_title":"香港IT服务公司Altech Digital(ALD.US)撤回600万美元美国IPO计划","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALD":1},"content_text":"Altech Digital (ALD.US), a Hong Kong-based provider of IT system development, maintenance, and consulting services, withdrew its initial public offering plan on Tuesday.\nThe company had initially filed the application in August 2025, aiming to issue 1.5 million shares at $4 per share to raise $6 million, with its most recent prospectus update occurring last November.\nThrough its operating subsidiary, Altech (Hong Kong), the company delivers two primary categories of IT services: system development, which includes web systems and mobile application development, and subsequent maintenance and consulting services for established systems.\nEstablished in 2022, this Hong Kong-headquartered company generated revenue of $3 million for the 12-month period ending March 31, 2025.\nThe firm had originally planned to list on the Nasdaq under the stock ticker \"ALD.\"\nPacific Century Securities and Revere Securities were previously designated as the joint bookrunning managers for the offering.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}