Hong Kong-based mobile app developer EvoNexus Group withdraws $8 million US IPO
January 16, 2026
Hong Kong mobile app developer EvoNexus Group increases share offering ahead of $15 million US IPO
EvoNexus Group, a Hong Kong-based developer of social and entertainment-focused mobile apps, increased the proposed share offering of its US IPO on Friday. The company now plans to offer 3.8 million shares at an expected price of $4.00 per share. It had originally filed in September to raise $8 million by offering 2 million shares at the same price.
On Tuesday, the company submitted a form RW withdrawing the F-1 document it filed in September, before it re-filed for a Nasdaq IPO on Friday. This latest filing also updated its financials results for the six months ended August 31, 2025.
IPO Overview
January 13, 2026
EvoNexus Group, a Hong Kong-based developer of social and entertainment-focused mobile apps, withdrew its plans for an initial public offering on Tuesday. It had filed to raise $8 million by offering 2 million shares at a proposed price of $4. The company originally filed in September and last updated its prospectus the following November.
EvoNexus develops and operates a range of social and entertainment-focused mobile applications. Its portfolio includes apps such as LivChat, BunchatLite, PeachU, Meeya, MeetClub, BakBak, UpChat, Timo, and RealCall.
The Hong Kong-based company was founded in 2019 and booked $12 million in revenue for the 12 months ended February 28, 2025. It had planned to list on the Nasdaq under the symbol EVON. Kingswood Capital Markets was set to be the sole bookrunner on the deal.
About the Company
EvoNexus commenced its operation in 2019 and is principally engaged in providing a family of social and entertainment-focused mobile applications, or apps, that are designed to facilitate app users’ engagement with a global community, promote communication across languages and cultures, and foster the establishment of meaningful relationships. Our Company, through the Operating Entity, aims to become a leading provider of social networking and interactive entertainment platforms. Through the Operating Entity, we provide, operate, and maintain a family of social and entertainment-focused apps, which include, but are not limited to, LivChat, BunchatLite, PeachU, Meeya, Meeya Lite, Jogan Pro, MeetClub, BakBak, UpChat, HoldU Pro, Timo, and RealCall.