According to a regulatory filing on Friday, the company plans to offer 3.75 million shares priced between $4 and $5. This move represents a substantial increase from its initial proposal, which sought to raise $7.2 million through the sale of 1.5 million shares. The pivot comes after BAO Holding abruptly withdrew its first application on Dec. 31, 2025.
In section Market Quotes
BAO Holding Revives Nasdaq IPO With Expanded $18 Million Offering
Hong Kong-based IT services firm BAO Holding, also known as BoxAsOne, has refiled for an initial public offering on the Nasdaq just months after withdrawing its previous application. The company significantly increased the scale of its debut, now targeting proceeds of $18.05 million to fuel its expansion in the software development and data analytics markets.
Scaling IT Solutions
BAO specializes in providing high-end information technology services, leveraging programming expertise to deliver customized software and analytics solutions for corporate clients. By listing on the Nasdaq under the ticker BAO, the firm aims to capitalize on growing demand for bespoke tech infrastructure.The revised filing suggests a more aggressive growth strategy than previously disclosed. The company’s core operations include:
- Customized software development
- Advanced data analytics
- Specialized programming and IT consulting
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