Hong Kong software development service provider One Box Shop (BAO.US) IPO issue price is 4-5 US dollars, raising 7 million US dollars.

Hong Kong-based software development service provider, BoxStore Limited (BAO.US), submitted its IPO application to the U.S. Securities and Exchange Commission on Wednesday, planning to issue 1.5 million shares of stock at a price range of $4 to $5 per share, with a maximum fundraising amount of $7 million. Based on the proposed midpoint of the range, the company's market value will reach $80 million. It is worth noting that the company had submitted a confidential application to the SEC as early as December 20, 2024, and this is the official public disclosure. As a technology service provider specializing in IT solutions, BoxStore offers customized software development services to customers through data analysis and programming capabilities, and is deeply involved in the deployment and integration of hardware devices such as sensors and controllers. Its business covers areas such as smart displays, self-service terminals, lockers, and vending machines, aiming to build autonomous or semi-autonomous intelligent solutions. Financial data shows that the company generated revenue of $3.663 million and net profit of $0.853 million in the fiscal year ending March 31, 2025, while in the previous fiscal year (ending March 31, 2024), revenue was only $1.695 million and net profit was just $9,629. When converted to Hong Kong dollars, revenue for the 2024-2025 fiscal years was $13.27 million and $28.50 million (equivalent to $3.66 million), with corresponding net profits of $75,000 and $6.64 million (equivalent to $0.85 million), showing a significant growth trend. Founded in 2018, this Hong Kong company plans to list on the Nasdaq with the stock symbol BAO, and The Pacific Century Securities serves as the sole bookrunner for this IPO. The market will watch closely how the company expands the market application scenarios of its technology solutions through capital operations.