Tangtang Plus (AGII.US) has canceled its initial public offering (IPO) plan.
According to financial news app, China's office space operation service platform Tangtang Plus (AGII.US) has canceled its initial public offering (IPO) plan. The company originally submitted its application in September 2022, planning to issue 1.4 million shares at a price range of $6 to $7, raising $9 million.
This is Tangtang Plus' second attempt to go public. The company signed a merger agreement with Special Purpose Acquisition Company (SPAC) Goldenbridge Acquisition in 2021, but it was terminated in 2022.
Records show that Tangtang Plus, headquartered in Shanghai, was established in 2015, formerly known as Distrii Office Partners. In 2021, the Distrii Office Partners brand officially upgraded to "AgiiPlus Tangtang Plus", positioning itself as a "leading agile office one-stop solution provider".
As of December 31, 2023, the company's twelve-month revenue was $45 million. The company had originally planned to list on the Nasdaq under the code "AGII". Kingswood Capital Markets is the sole bookrunner for this transaction.