ChowChow Cloud International Holdings Limited (NYSE American: CHOW) saw its stock price skyrocket 100% in intraday trading on Tuesday, marking a spectacular debut on the NYSE American exchange. This dramatic surge comes as the company launched its initial public offering (IPO), capturing significant investor attention in the cloud computing sector.

The company announced the pricing of its IPO at $4.00 per share, offering 2.6 million ordinary shares to the public. This pricing strategy aims to raise approximately $10.4 million in gross proceeds for ChowChow Cloud. Additionally, the company has granted its underwriter a 45-day option to purchase up to 390,000 additional ordinary shares to cover potential over-allotments, which could further boost the total funds raised.

Trading under the ticker symbol "CHOW", the shares began trading on the NYSE American on Tuesday, with the offering expected to close on Wednesday. The strong market response and doubling of the share price on the first day of trading suggest high investor confidence in ChowChow Cloud's business model and growth prospects in the competitive cloud services industry. However, as with all IPOs, investors should be aware that initial price movements can be volatile and may not necessarily reflect long-term performance.