Foxit Reader Review: A Comprehensive Look into the Company's History and Finances

Foxit Reader is a popular PDF software company that has been making waves in the industry with its innovative products and strategic business moves. In this review, we will delve into the company's history, finances, and recent developments to give you a comprehensive understanding of what Foxit Reader is all about.

Founded in 2001 by Eugene Xiong, Foxit Software Company aimed to develop similar PDF software products to those from Adobe Systems and other PDF vendors at lower prices. Over the years, the company has grown significantly, receiving Chinese government subsidies worth RMB 13 million in 2019. Additionally, Foxit is eligible for a reduced tax rate of 15% in China due to its status as a technology company.

In June 2020, Foxit Software received permission to list on the Shanghai Stock Exchange STAR Market (the Sci-Tech Innovation Board), marking another significant milestone for the company. This listing will provide Foxit with access to a wider range of investors and help it expand its operations further.

Before Foxit's recent growth spurt, Amazon was an early investor in the company, owning 12.38% of its shares before divesting in 2019. This move allowed Foxit to become eligible for a simplified IPO process for domestic companies in China. In December 2015, Foxit went public on the Chinese over-the-counter market NEEQ.

In 2009, Foxit Software Company incorporated as Foxit Corporation, further solidifying its position in the PDF software industry. With its focus on developing innovative products and expanding its operations globally, Foxit Reader is well-positioned to continue its growth trajectory in the coming years.

In terms of finances, Foxit is seeking to raise RMB 409 million (approximately USD 49 million) through an IPO. This funding will be used to further develop its product lines and expand its global presence. With a strong track record of innovation and strategic business moves, Foxit Reader is an exciting company to watch in the PDF software industry.

Overall, this Foxit Reader review provides a comprehensive look into the company's history, finances, and recent developments. With its focus on innovation and expansion, Foxit Reader is well-positioned for future success.

Foxit reader review