Chinese software company seeks public offering
- Going International Holding Co. files for IPO
- Chinese company offers software for back-testing in quantitative trading strategies
- Company plans to list shares on Nasdaq Capital Market under ticker GIT
- Proceeds will be used for investing in IT infrastructure, expanding internationally, and more
- Company logged a profit of $2.1 million in the six months ended March 31
Going International Holding Co., a Chinese company specializing in software for back-testing in quantitative trading strategies, has filed for an initial public offering (IPO) with the Securities and Exchange Commission. The company plans to list its shares on the Nasdaq Capital Market under the ticker GIT. The IPO proceeds will be used for investing in information technology infrastructure, expanding internationally, investing in sales and marketing, and for working capital and general corporate purposes. In the six months ended March 31, Going International logged a profit of $2.1 million, compared to $756,500 in the same period last year. The offering is underwritten by Prime Number Capital.
Factuality Level: 8
Factuality Justification: The article provides factual information about Going International Holding Co. filing for an IPO, the services it offers, the listing plans, and the intended use of proceeds. It also includes financial figures and the ownership structure. However, it lacks some details such as the number of shares to be offered and the anticipated price range.
Noise Level: 7
Noise Justification: The article provides basic information about Going International Holding Co. filing for an IPO, including the company’s services, ticker symbol, and plans for the proceeds. However, it lacks in-depth analysis, evidence, or insights into the long-term trends or consequences of the IPO. The article also does not hold powerful people accountable or provide scientific rigor. Overall, it contains mostly factual information without much depth or critical analysis.
Financial Relevance: Yes
Financial Markets Impacted: The initial public offering (IPO) of Going International Holding Co. may impact the financial markets, particularly the Nasdaq Capital Market where the company plans to list its shares.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article is about Going International Holding Co. filing for an IPO, which is a significant financial event. However, there is no mention of any extreme events or their impact.
Public Companies: Going International Holding Co. (GIT)
Key People: Chao Wu (Founder and Chief Executive)
Reported publicly:
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