Chinese financial software developer Going International Holding withdraws $20 million US IPO
IPO Overview
Going International Holding, a Chinese provider of backtesting software for the financial industry, withdrew its plans for an initial public offering on Wednesday. It originally filed in December 2023 with a proposed deal size of $20 million.
The Shenzhen, China-based company was founded in 2020 and booked $15 million in revenue for the 12 months ended September 30, 2024. It had planned to list on the Nasdaq under the symbol GIT. Prime Number Capital was set to be the sole bookrunner on the deal.
About the Company
We specialize in offering high-performance back-testing solutions to the financial community, particularly those engaged in quantitative trading strategies development and related services. Our back-testing services include cloud-based SaaS solutions, as well as customized back-testing system development. Additionally, we cater to the needs of small and medium-sized enterprises by offering enterprise management SaaS solutions. Our platform covers essential business functions such as sales and marketing management, human resource management, administration and operation, and customer relationship management. We also offer software system development services. Our back-testing SaaS platform integrates data, strategies, and distributed task scheduling for computing power resources to provide customers with high-performance back-testing tools and computing power services to test the effectiveness of investment strategies. The platform supports multiple markets and various strategy execution frameworks, and provides an open and flexible architecture which allows seamless and robust integration with multiple data feeds. Our enterprise management SaaS products offer innovative and comprehensive functionalities including omni-channel marketing, customer relationship management, and business reporting, allowing our customers to enhance operating efficiency and profitability.
