QMSK Technology Co., Ltd (QMSK) IPO filing analysis

One-minute decisionBASIC RESEARCHSource completeness · 82%

IPO research

QMSK remains a preliminary, not-yet-effective China-based IPO with material execution, regulatory, control and dilution risks. CSRC filing review and Nasdaq listing remain unresolved.

QMSK proposes to offer 6,250,000 ordinary shares at an estimated $4.00–$6.00 per share, subject to SEC effectiveness, CSRC filing completion and Nasdaq listing approval.

Where does the money go?Awaiting verificationF-1/A · 2026-07-09

Ownership and votingAwaiting verified holder data— economic · — voting

Next disclosed checkpointSEC effectiveness/pricing, CSRC filing completion and Nasdaq listing decision; no timing is provided.F-1/A · 2026-07-09

Capital destination

Awaiting verification

F-1/A · 2026-07-09

Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.

Check the source · F-1/A ↗

Next checkSEC effectiveness/pricing, CSRC filing completion and Nasdaq listing decision; no timing is provided.

Latest filing2026-07-09

Capital destination

Awaiting verification

F-1/A · 2026-07-09

Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.

Check the source · F-1/A ↗

BOOKRUNNERS / LEAD UNDERWRITERSBookrunners / lead underwriters

NOT YET DISCLOSED

Names not yet published

Fully diluted valuation bridge

Status	Reference
Awaiting verification	Source ↗

Basic-price scenario

A verified single offer price and basic post-offer share count are required. This is a data gap, not a paid lock.

Check the source · F-1/A ↗

Holder data awaits verification

Mr. Yaxin Dong is expected to beneficially own 12,975,000 shares and approximately 61.06% of voting power without, or 58.48% with, full over-allotment. The company will be controlled under Nasdaq rules. · 2026-07-09

Mr. Yaxin Dong is expected to beneficially own 12,975,000 shares and approximately 61.06% of voting power without, or 58.48% with, full over-allotment. The company will be controlled under Nasdaq rules.

One disclosed holder; not a complete ownership distribution.Check the source · F-1/A ↗

Conditional lock-up timeline

Status	Reference
Awaiting verification	Source ↗

Financial quality and runway

Status	Reference
Awaiting verification	Source ↗

Latest filing update

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SEC filing history

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Risk 1

The issuer states that CSRC filing materials submitted July 25, 2024 remain under review and the filing procedure is incomplete.

Potential impact: Awaiting verification
Monitor: SEC effectiveness/pricing, CSRC filing completion and Nasdaq listing decision; no timing is provided.
Evidence: Cover and opening disclosure ↗

SEC EDGAR

F-1/A

2026-07-09

Open SEC filing ↗