3 E Network Tech. Group said it was trimming the size of its planned initial public offering to 1.2 million shares from 3 million shares.
The IPO is expected to price in a range of $4 to $6 per share.
The company said it is a holding company incorporated in the British Virgin Islands, with operations conducted by indirect wholly owned subsidiaries based in China. Through its subsidiaries, Guangzhou Sanyi Network and Guangzhou 3E Network, the company operates as a business-to-business information technology business solutions provider, it said.
In the year ended June 30, 2023, the company reported revenue of $1.6 million. In the year ended June 30, 2022, it reported revenue of $1.2 million.
The company plans to list on the Nasdaq Capital Market under the symbol EEET, it said.
Boustead Securities, LLC is listed as the sole book-running manager.