Hong Kong web hosting service provider UDynamics (UDUD.US) has increased its IPO scale by 87%, planning to raise $34 million.

Headquartered in Hong Kong, the network hosting, cloud, and IT service provider UDynamics (UDUD.US) announced last Friday an increase in the proposed size of its upcoming initial public offering (IPO), while also updating its financial performance for the six months ending January 31, 2026. The company now plans to raise approximately $34 million by issuing 5.6 million shares at a price range of $5 to $7 per share. Previously, the company had applied to issue 3 million shares at the same price range. Based on the midpoint of the price range, UDynamics' fundraising amount will be 87% higher than previously expected, and the company's valuation will reach $142 million. UDynamics is understood to be a technology solutions provider that offers cloud hosting and management, IT infrastructure, cybersecurity, application development, and domain registration services to businesses, government agencies, and small to medium-sized enterprises across Asia. All of the companys operations are conducted through its Hong Kong subsidiary, UDomain Web Hosting Company. Since 1998, the subsidiary has gradually transformed from a traditional web hosting service provider into a comprehensive digital infrastructure partner, serving over 20,000 customers. In the fiscal year 2025, the company's revenue primarily came from cloud hosting and management services (accounting for 76% of total revenue), followed by IT solutions services (19%) and domain registration services (4%). UDynamics was founded in 1998 and achieved revenue of $7 million in the 12 months ending January 31, 2026. The company plans to list on NASDAQ under the ticker symbol "UDUD." Pacific Century Securities is acting as the exclusive book-running manager for the transaction.