Reitar Logtech Holdings (RITR.US), which provides design and other services to the logistics industry in Hong Kong, lowered its proposed IPO trading volume on Tuesday, according to the Smart Finance APP. In the latest submitted document, the company also replaced its sole bookkeeping manager Univest Securities with Cathay Securities. The company, headquartered in Hong Kong, currently plans to issue 2.1 million shares of stock at a price of $4 to $5 per share, raising $10 million, which is lower than the planned 2.5 million shares to be issued. Based on the midpoint of the proposed price range, Reitar Logtech Holdings will raise 15% less funds than previously expected. The proposed IPO's outstanding shares account for only 3.4% of the company's issued basic stock.

Reitar Logtech Holdings' business is mainly divided into two parts: asset management and professional consulting services, and building management and engineering design services. The company provides one-stop logistics solutions for logistics operators, assists capital partners in investing in logistics properties development and reconstruction projects, and assists clients in bidding for projects. For capital partners investing in their projects, the company provides comprehensive asset management and project management services.

Reitar Logtech Holdings was founded in 2015 and had a revenue of $14 million for the 12 months ending September 30, 2023. The company plans to list on the NASDAQ with the stock code "RITR".