Hong Kong web hosting company UDynamic (UDUD.US) applies for US IPO, planning to raise $18 million.

UDynamics, a network hosting, cloud, and IT service provider based in Hong Kong, submitted an application to the U.S. Securities and Exchange Commission last Friday, planning to raise up to $18 million through an initial public offering. The company plans to issue 3 million shares priced in the range of $5 to $7 per share. UDynamics is a technology solutions provider that offers cloud hosting and management, IT infrastructure, network security, application development, and domain registration services to businesses, government entities, and small and medium enterprises in Asia. All of the company's operations are conducted through its Hong Kong subsidiary, UDomain Web Hosting Company. Since its establishment in 1998, the company has transformed from a traditional network hosting service provider to a comprehensive digital infrastructure partner, serving over 20,000 customers. In 2025, its revenue is mainly derived from cloud hosting and management services (76% of total revenue), followed by IT solution services (19%) and domain registration services (4%). In the 12 months ending on July 31, 2025, this Hong Kong-based company generated $7 million in revenue. The company plans to list on Nasdaq with the stock code UDUD. The Pacific Century Securities serves as the exclusive bookrunner for the transaction.