ZeroLimit Technology Aims to Raise $8 Million in US IPO

ZeroLimit Technology Holding, a cloud network software company based in Shenzhen, has filed for an initial public offering (IPO) in the United States. The company aims to raise $8 million by issuing 2 million shares at a price of $4 per share. Based on the proposed price, ZeroLimit Technology Holding's market valuation would reach $208 million.

ZeroLimit Technology Holding's distributed network infrastructure software is designed to help users establish distributed networks or migrate existing centralized applications to distributed networks. The software can build proprietary distributed networks that can be deployed on various devices, including servers, personal computers, tablets, and certain smartphones. These devices can simultaneously function as nodes within the distributed network.

The company was established in 2017 and plans to list on the Nasdaq under the ticker symbol "ZDAN." ZeroLimit Technology Holding confidentially submitted its IPO application on March 25, 2024. Prime Number Capital is the sole underwriter for this transaction.

This move by ZeroLimit Technology Holding to go public in the United States is a significant step for the company. By listing on the Nasdaq, the company aims to gain access to a broader investor base and increase its visibility in the global market. The funds raised from the IPO will likely be used to support the company's growth initiatives, including research and development, expansion of its product offerings, and potential acquisitions.

The distributed network infrastructure software developed by ZeroLimit Technology Holding has the potential to revolutionize the way businesses and individuals manage their networks. By enabling the creation of proprietary distributed networks, the software can enhance security, scalability, and efficiency. This technology is particularly relevant in an era where data privacy and security are of paramount importance.

ZeroLimit Technology Holding's decision to go public also reflects the growing interest in cloud network software solutions. As more businesses transition to cloud-based systems, the demand for robust and secure network infrastructure software is expected to rise. The company's innovative approach to distributed networks positions it well to capitalize on this trend.

Overall, ZeroLimit Technology Holding's IPO represents a strategic move to leverage the strengths of its distributed network infrastructure software and expand its market presence. The company's focus on innovation and security, coupled with its plans to list on the Nasdaq, positions it for potential growth and success in the competitive technology sector.