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Hyperides Holdings Ltd is a Cayman Islands holding company with operations conducted through its wholly-owned Hong Kong subsidiary, Hyperides Limited, providing comprehensive business-to-business IT solutions including infrastructure, cloud services, cybersecurity, and maintenance/support to enterprises across financial services, hospitality, retail, and technology sectors. According to Frost & Sullivan, the Hong Kong IT solutions market is projected to grow from HK$92.2 billion ($11.8 billion) in 2024 to HK$129.8 billion ($16.6 billion) in 2029 at a 7.2% CAGR, driven by digital transformation and outsourced services demand. Hyperides Limited reported revenue growth of 13.5% from $7.3 million for FY2024 to $8.3 million for FY2025, with net income increasing 63.7% from $0.6 million to $0.9 million, reflecting improved project execution and cost efficiency. The company is pursuing an IPO of [•] Class A Ordinary Shares at $[•]-$[•] per share, aiming to raise $[•] million in net proceeds for expanding IT capacity (39%), product development (24%), market expansion (22%), and working capital (15%). As a controlled company post-IPO with founder Wai Hung Lee holding [•]% voting power via dual-class structure, Hyperides seeks Nasdaq listing under 'HYRD' to fund growth strategies including technology investment, regional expansion, and talent acquisition amid Hong Kong's competitive IT landscape.
Offering Amount
$15.0M
Shares Offered
4,000,000,000
Issuer Type
Price Range
$[•] to $[•]
Share Type
Class A Ordinary Shares
Exchange
Nasdaq Capital Market
Ticker
HYRD
Use of Proceeds: 39% expanding IT solutions capacity, 24% product development/technology upgrades, 22% market expansion/business development, 15% strategic/working capital
Growing IT solutions provider headquartered in Hong Kong offering comprehensive business-to-business IT services including infrastructure, cloud, cybersecurity, and maintenance/support to enterprises across multiple industries.