1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. đť•Ź Posts
Discussion
1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. đť•Ź Posts
Discussion
1. Investment Snapshot
2. Capital Structure
3. Valuation
Discussion
Symbol
CHON
Sector
Information Technology
Subsector
IT Services
Offer Range
—
Shares Offered
6.25M
Shares Outstanding Pre-IPO
30M
30M
$207.0M
20.8%
Implied Upside vs Midpoint
Description
ChainOn Technology (HK) Limited, our Operating Subsidiary, was incorporated in Hong Kong on December 29, 2017 under the name Success Illusion Limited. In our early stage of operations, the Operating Subsidiary focused on the development, sales, and maintenance of enterprise-grade servers and related hardware. On July 19, 2019, our Operating Subsidiary formally changed its name to ChainOn Technology (HK) Limited to reflect our ambition to expand beyond hardware into integrated technology services. Currently, our Operating Subsidiary provides comprehensive technology services, leveraging our expertise in Web3 technologies, cloud infrastructure, and our end-to-end service model with a client-centric project management approach to deliver customized software development and technology solutions. We primarily operate through two service lines: (1) Project Development Services. (2) Advisory and Support Services: (i) project monthly maintenance services; and (ii) hardware monthly maintenance services. --- We were incorporated in the Cayman Islands on October 9, 2025. Our registered office in the Cayman Islands is located at 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands. Our administrative office is located at 21/F, G.D. Real Estate Tower, No. 143 Connaught Road Central, Hong Kong SAR. Our telephone number is +852 2297 2027. Our website address is www.chainontech.com. Our agent for service of process in the United States is Cogency Global Inc., located at 122 East 42nd St, 18th Floor, New York, NY 10168.
Post-IPO economic shares by class.
| Class | Shares | % Economic |
|---|---|---|
Class A Ordinary Shares | 24M | 80.0% |
Class B Ordinary Shares | 6M | 20.0% |
| Total economic shares | 30M | 100% |