ChowChow Cloud International Holdings Limited (NYSE American: CHOW) saw its stock price skyrocket 100% in its trading debut on the NYSE American exchange on Tuesday. The dramatic surge comes as the company successfully completed its initial public offering (IPO), marking a strong start for the newly public entity.

The cloud services provider priced its IPO at $4.00 per share, offering 2.6 million ordinary shares to the public. This pricing strategy resulted in estimated gross proceeds of $10.4 million for ChowChow Cloud. The company has also granted a 45-day option to its underwriter to purchase up to an additional 390,000 ordinary shares to cover potential over-allotments, which could further boost the total proceeds from the offering.

While specific details about ChowChow Cloud's operations are limited, the successful IPO and subsequent stock price surge suggest strong investor interest in the company's business model and growth prospects. As the cloud computing industry continues to expand rapidly, newly public companies in this sector often attract significant attention from both institutional and retail investors. The closing of the offering is expected on Wednesday, and market participants will be closely watching ChowChow Cloud's performance in the coming days to see if it can maintain its impressive debut momentum.