Chinese financial software developer Gao Ying Technology (GIT.US) withdraws its IPO application in the United States, originally planning to raise $20 million.

HighWin Technology (Going International Holding), which provides backtesting software for the finance industry, withdrew its initial public offering (IPO) application on Wednesday. The company originally submitted its IPO application to the U.S. Securities and Exchange Commission (SEC) in December 2023, aiming to raise up to $20 million. The company had planned to list on the Nasdaq with the stock ticker "GIT". It was reported that the company was founded in 2020 and is headquartered in Shenzhen, China, with revenue of $15 million in the 12 months ending September 30, 2024.