Hong Kong ICT solutions provider Global Engine files for proposed $17M US IPO

Initial Public Offering. IPO. Financial trade. Investment

Andranik Hakobyan

Hong Kong-based ICT solutions provider Global Engine Group (GLE) has filed to raise $17M through a US initial public offering.

Global Engine didn’t specify the number or pricing of the shares in its filing. It added that it hopes to list the shares on Nasdaq under the symbol GLE. Univest Securities is serving as lead bookrunner.

Incorporate in the British Virgin Islands, Global Engine operates through subsidiaries in Hong Kong. The company provides cloud and data center management services along with consulting services for telecommunications operators. Global Engine plans to expand its operations beyond Hong Kong and into Southeast Asia.

For the six months ended Dec. 31, 2021, Global Engine reported net income of $858K on revenue of $4.7M.

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