ChowChow Cloud Announces Pricing of Initial Public Offering

Rhea-AI Summary

ChowChow Cloud (NYSE:CHOW), a Hong Kong-based technology company providing one-stop cloud solutions, has successfully completed its Initial Public Offering (IPO). The company offered 2,990,000 ordinary shares at $4.00 per share, including 390,000 over-allotment shares, raising total gross proceeds of $11,960,000.

Trading of ChowChow Cloud shares commenced on the NYSE American on September 16, 2025. US Tiger Securities, Inc. served as the sole book-running manager for the offering, with legal counsel provided by Sidley Austin LLP and VCL Law LLP.

Positive

• Successfully raised $11.96M in gross proceeds through IPO
• Secured listing on NYSE American exchange, providing access to US capital markets
• Included over-allotment option of 390,000 shares, indicating strong initial demand

Negative

• Relatively small IPO size may limit institutional investor interest
• Proceeds are before deducting underwriting discounts and offering expenses, reducing net amount

Insights

IPO Specialist

ChowChow Cloud completed its IPO raising nearly $12M at $4 per share; modest deal size suggests early-stage company with growth potential.

ChowChow Cloud has successfully completed its initial public offering, raising $11.96 million in gross proceeds before deducting underwriting costs and other expenses. The Hong Kong-based cloud solutions provider sold 2,990,000 ordinary shares at $4.00 per share, including 390,000 shares from the over-allotment option.

The company began trading on the NYSE American exchange on September 16 under the ticker symbol "CHOW," with US Tiger Securities serving as the sole book-running manager for the offering.

This IPO is notably small by current market standards, as most technology companies typically aim to raise significantly larger amounts when going public. The $12 million raise and $4 share price indicate this is likely an emerging growth company with a relatively modest valuation compared to larger cloud service providers.

For context, the NYSE American exchange (formerly the American Stock Exchange) typically hosts smaller capitalization companies compared to the main NYSE exchange. This suggests ChowChow Cloud is positioning itself as a growth-stage company with potential expansion opportunities, particularly as a technology provider focused on the Hong Kong market.

The successful completion of this offering provides ChowChow with fresh capital to potentially accelerate its business development, enhance its cloud infrastructure, and expand its service offerings. However, investors should recognize that smaller IPOs often come with higher volatility and liquidity challenges compared to larger public offerings.

HONG KONG, Sept. 17, 2025 (GLOBE NEWSWIRE) -- ChowChow Cloud International Holdings Limited (“ChowChow Cloud” or the “Company”), a technology company providing one-stop cloud solutions in Hong Kong, announced today the closing of its previously announced initial public offering (the “Offering”) of 2,990,000 ordinary shares, including 390,000 over-allotment shares, at a price of US$4.00 per share to the public, for a total of US$ 11,960,000 of gross proceeds to the Company, before deducting underwriting discounts and other offering expenses. The shares began trading on the NYSE American on September 16, 2025 under the symbol "CHOW."

US Tiger Securities, Inc. is acting as the sole book-running manager of the Offering. Sidley Austin LLP is acting as U.S. counsel to the Company, and VCL Law LLP is acting as U.S. counsel to US Tiger Securities, Inc. in connection with the Offering.

A registration statement on Form F-1 (File No. 333- 286296) relating to the Offering, as amended, has been filed with the Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on September 15, 2025. The Offering is being made only by means of a prospectus, forming part of the registration statement. Copies of the final prospectus related to the Offering may be obtained from US Tiger Securities, Inc., 437 Madison Ave., 27th Floor, New York, NY 10022, by email at ECM@ustigersecurities.com, or by telephone at +1 (646) 978-5188. In addition, a copy of the final prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About ChowChow Cloud International Holdings Limited

ChowChow Cloud is a pioneer in providing one-stop cloud solutions that support companies across the IT industry value chain throughout their entire cloud transformation journey from consulting, deployment and migration to cloud environment building and management. ChowChow Cloud was founded in December 2014 by a group of passionate and experienced professionals, who envisioned the potential of cloud technology to transform the way businesses of various sizes operate. Recognizing the growing need for digitization and the benefits that cloud technology could bring to businesses, ChowChow Cloud’s founders set out to create a company that would bridge the gap between cloud services providers and companies who seek to move to the cloud.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and ChowChow Cloud specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Contacts:

For Investor Relations:

Investor Relations Team
ChowChow Cloud International Holdings Limited
Email: ir@chochowcloud.com

FAQ

What is ChowChow Cloud's IPO price and how many shares were offered?

ChowChow Cloud offered 2,990,000 ordinary shares at $4.00 per share, including 390,000 over-allotment shares, raising gross proceeds of $11.96 million.

When did ChowChow Cloud (CHOW) start trading on the NYSE American?

ChowChow Cloud (CHOW) began trading on the NYSE American on September 16, 2025.

Who was the underwriter for ChowChow Cloud's IPO?

US Tiger Securities, Inc. acted as the sole book-running manager for ChowChow Cloud's IPO.

What does ChowChow Cloud company do?

ChowChow Cloud is a technology company that provides one-stop cloud solutions in Hong Kong.

How can investors access ChowChow Cloud's IPO prospectus?

Investors can access the prospectus through US Tiger Securities or via the SEC's website at www.sec.gov under registration number 333-286296.