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HONG KONG - ChowChow Cloud International Holdings Limited, a Hong Kong-based provider of one-stop cloud solutions, announced Wednesday the completion of its initial public offering (IPO) of 2,990,000 ordinary shares at $4.00 per share, raising approximately $12 million in gross proceeds. The stock has since doubled its IPO price, currently trading at $8.50.
The company’s shares began trading on the NYSE American on Tuesday under the ticker symbol "CHOW." The offering included 390,000 shares from the exercise of an over-allotment option. With an average daily trading volume of 830,000 shares, the stock has shown strong market interest. InvestingPro subscribers can access detailed trading metrics and institutional ownership data.
US Tiger Securities, Inc. served as the sole book-running manager for the offering, with Sidley Austin LLP acting as U.S. counsel to ChowChow Cloud and VCL Law LLP serving as U.S. counsel to the underwriter.
Founded in December 2014, ChowChow Cloud provides services that support companies throughout their cloud transformation journey, including consulting, deployment, migration, and cloud environment management.
The company filed its registration statement on Form F-1 with the Securities and Exchange Commission, which was declared effective on September 15, 2025.
The announcement comes as more technology companies seek public funding amid growing demand for cloud services across various industries.
This article is based on a press release statement from ChowChow Cloud International Holdings Limited. The stock has experienced significant volatility since its debut, trading between $6.66 and $21.91, with recent performance showing a 32.59% decline. For comprehensive analysis and real-time updates, visit InvestingPro.
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