Hong Kong corporate management company Easy Tech (ECST.US) has an IPO offering price of $4, raising $8 million.
Cloud enterprise management platform provider EasyStack Technology, headquartered in Hong Kong, submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on Wednesday.
Cloud enterprise management platform supplier ECS Technology (ECST.US), headquartered in Hong Kong, submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on Wednesday, planning to raise up to $9 million in funding through stock issuance. According to the prospectus, the company originally planned to issue 2 million common shares at a price of $4 per share, with an expected fundraising size of $8 million. As per SEC prospectus regulations, if market demand is strong, underwriters can issue an additional 15% of shares (30,000 shares), bringing the total fundraising amount to a maximum of $9 million. Based on the proposed offering price, ECS Technology's market value will reach $88 million.
As a technology service provider specializing in cloud integrated enterprise resource planning (ERP) solutions, ECS Technology's core business is to provide digital upgrade services to companies in the Hong Kong region with outdated and decentralized software systems. Its target customers span across several industries including trade, retail, services, and construction. By integrating cloud technology, the company is dedicated to helping businesses achieve modernization in their management processes.
Financial data shows that in the past 12 months up to March 31, 2025, ECS Technology achieved revenue of $4 million. The company plans to list on the Nasdaq stock exchange, with the stock code confirmed as ECST, and the transaction is managed by Eddid Securities USA Inc as the sole bookrunner. Founded in 2012, ECS Technology is accelerating the application of its cloud ERP solutions in the Hong Kong and potential international markets through capital market deployment.
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