Hong Kong software development service provider Bao.US IPO issued at a price of 4-5 US dollars, raising 7 million US dollars.

According to the latest information from the financial news app Zhitong Finance, the Hong Kong-based software development service provider Yihao Xiangdian Co., Ltd. (BAO.US) filed an IPO application with the U.S. Securities and Exchange Commission on Wednesday, planning to issue 1.5 million shares of stocks in the price range of $4 to $5 per share, with a maximum fundraising size of $7 million. Based on the proposed median price range, the company's market value will reach $80 million. It is worth noting that the company had already submitted a confidential application to the SEC as early as December 20, 2024, and this time it is officially disclosed to the public.