Hitek Global Inc.

General Information
Business:

Note: We are an offshore holding company incorporated in the Cayman Islands. As a holding company with no material operations, our operations were conducted in China by our subsidiaries and through contractual arrangements, which also known as VIE Agreements, with a variable interest entity, or “VIE”, Xiamen Hengda HiTek Computer Network Co., Ltd., and its subsidiaries. Neither we nor our subsidiaries own any equity interests in VIE.

Note: This is an offering of the Ordinary Shares of the offshore holding company in Cayman Islands, instead of shares of the VIE in China, therefore, you are not investing in and may never hold equity interests in the VIE. 

We are an information technology (“IT”) consulting and solutions service provider focusing on delivering services to business in various industry sectors in China. As of the date of prospectus, we have two lines of businesses— 1) services to small and medium businesses (“SMEs”), which consists of Anti-Counterfeiting Tax Control System (“ACTCS”) tax devices, ACTCS services, and IT services, and 2) services to large businesses, which consists of hardware sales and software sales. We expect to actively develop our system integration services and online service platform in the near future. Our vision is to become a one-stop consulting destination for holistic IT and other business consulting services in China.

(Note: HiTek Global Inc. filed a post-effective amendment to its IPO prospectus in which it added Pacific Century Securities LLC as a book-runner to replace U.S. Tiger Brokers, according to its SEC filing dated Sept. 16, 2022. The lead book-runner is R.F. Lafferty & Co.)

 

Industry: PREPACKAGED SOFTWARE
Employees: 76
Founded: 2017
Contact Information
Address Unit 304, No. 30 Guanri Road, Siming District, Xiamen City, Fujian Province, People’s Republic of China
Phone Number + 86 0592-5080796
Web Address http://www.xmhitek.com
View Prospectus: Hitek Global Inc.
Financial Information
Market Cap $75.0mil
Revenues $6.4 mil (last 12 months)
Net Income $1.8 mil (last 12 months)
IPO Profile
Symbol HKIT
Exchange NASDAQ
Shares (millions): 4.0
Price range $5.00 - $5.00
Est. $ Volume $20.0 mil
Manager / Joint Managers R.F. Lafferty & Co./ Pacific Century Securities LLC
CO-Managers -
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change