The company set a target price range of $4.00 to $5.00 per share, according to its Friday filing with the Securities and Exchange Commission. Management intends to deploy the net proceeds to bolster technology infrastructure, accelerate sales initiatives, and fund general corporate expansion. Despite the public offering, control remains concentrated at the top. Board Chair and Chief Technology Officer Chi Chung Tang will retain approximately 85% of the company's voting power once the transaction closes.
Gold Stone Technical Targets $28 Million in Hong Kong-Linked IPO
With a strategic focus on expanding its international software footprint, Hong Kong-based service provider Gold Stone Technical has officially filed for an initial public offering. The firm aims to raise roughly $28.1 million by listing 6.25 million shares, positioning itself for a growth push across global technology markets.
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