Hong Kong game developer Shield Soldier Technology withdraws IPO application in the U.S
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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
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