Chinese SaaS company Powerbridge Technologies files for a $15 million US IPO

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Powerbridge Technologies, a China-based provider of global trade & resource planning enterprise software applications, filed on Friday with the SEC to raise up to $15 million in an initial public offering.

The Zhuhai, China-based company was founded in 1997 and booked $23 million in revenue for the 12 months ended June 30, 2018. It plans to list on the Nasdaq under the symbol PBTS. Powerbridge Technologies filed confidentially on September 26, 2018. Maxim Group LLC and The Benchmark Company are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Chinese SaaS company Powerbridge Technologies files for a $15 million US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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