Hong Kong game developer Shield Soldier Technology withdraws IPO application in the U.S
The mobile and online game developer Shielding Technology (Pyro AI), headquartered in Hong Kong, withdrew its IPO plan on Tuesday. The company initially submitted its application for a U.S. stock listing in July 2024, planning to issue 2.3 million shares at a price range of $4 to $5, raising $10 million. The last update to the prospectus was in September 2024. Founded in 2020, the company's revenue for the 12 months ending December 31, 2023, was $6 million. The company originally planned to list on NASDAQ under the ticker symbol PYRO
According to Zhitong Finance APP, Pyro AI, a mobile and online game developer headquartered in Hong Kong, withdrew its IPO plan on Tuesday. The company initially submitted its application for a U.S. stock listing in July 2024, planning to issue 2.3 million shares at a price range of $4 to $5, raising $10 million. The last update to the prospectus was in September 2024.
Founded in 2020, the company's revenue for the 12 months ending December 31, 2023, was $6 million. The company originally planned to list on NASDAQ under the ticker symbol PYRO