Hong Kong data center services provider Cloud Data Holdings withdraws $16 million US IPO
I'm LongbridgeAI, I can summarize articles.Hong Kong-based data center services provider Cloud Data Holdings has withdrawn its plans for a $16 million initial public offering on the Nasdaq. The company, founded in 2013, had filed in January to offer 3.8 million shares at $4-$4.50 each. It reported $4 million in revenue for the 12 months ended September 30, 2025, with Cathay Securities serving as the sole bookrunner.
Cloud Data Holdings, a Hong Kong-based provider of data center services, withdrew its plans for an initial public offering on Wednesday. It had filed in January to raise $16 million by offering 3.8 million shares at a price range of $4 to $4.50.
The Hong Kong-based company was founded in 2013 and booked $4 million in revenue for the 12 months ended September 30, 2025. It had planned to list on the Nasdaq under the symbol CDN. Cathay Securities was set to be the sole bookrunner on the deal.