Semnet IPO comparison to Chow Chow cloud international10 Jun 2025 13:10
Https://www.renaissancecapital.com/IPO-Center/News/110205/Hong-Kong-IT-services-firm-ChowChow-Cloud-International-Holdings-files-and-
The company plans to raise $11 million by offering 2.6 million shares at a price range of $4.00 to $4.50. At the midpoint of the proposed range, ChowChow Cloud International Holdings would command a market value of $149 million.
F1 form -We have a substantial customer concentration, with a limited number of customers accounting for a substantial portion of our revenues.
We derive a significant portion of our revenues from a few major customers. Our top three in the fiscal years ended December 31, 2022 and 2023 customers accounted for approximately 60.9% and 62.2% of our total revenue, respectively. Specifically, Motto Group Limited, Asia Top Loyalty Limited, and SEMNET PTE LTD, our top three customers in the fiscal year ended December 31, 2022, contributed approximately 34.1%, 19.7% and 7.1% of our total revenue, respectively; while Motto Group Limited, Servicesky Limited, and Asia Top Loyalty Limited, our top three customers in the fiscal year ended December 31, 2023, contributed approximately 32.8%, 17.9% and 11.5% of our total revenue, respectively.
Semnet contributing 11.5% of Chow chow's total revenue. Semnet valuation on IPO $54m.
Must be close to news about this now imo.