Hong Kong mobile app developer EvoNexus Group (EVON.US) withdraws $8 million US stock IPO application.

Hong Kong-based social entertainment mobile app developer EvoNexus Group (EVON.US) announced on Tuesday that it is withdrawing its initial public offering (IPO) plans. The company had previously filed to issue 2 million shares of stock at a price of $4 per share, with plans to raise $8 million. Its IPO application was initially submitted in September of last year and the latest update to the prospectus was completed in November of the same year. According to the prospectus, EvoNexus is dedicated to developing and operating a series of social entertainment mobile apps, including LivChat, BunchatLite, PeachU, Meeya, MeetClub, BakBak, UpChat, Timo, and RealCall, among others. The company was founded in 2019 and reported revenue of $12 million in the 12 months ending on February 28, 2025. Originally planning to list on the NASDAQ under the ticker symbol EVON, Kingswood Capital Markets was the exclusive underwriter for this IPO.