Hong Kong beauty service provider MEDI Group submits IPO application for the US stock market, aiming to raise USD 15 million
MEDI Group, a medical and traditional beauty service provider headquartered in Hong Kong, submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) last Friday, planning to raise up to $15 million. According to the prospectus, the company intends to issue 3.3 million shares at a price of $4 to $5 per share, with a total fundraising amount of $15 million. Based on the midpoint of the price range, MEDI Group's market capitalization will reach $136 million. MEDI Group is a beauty and personal care services company that offers a full range of beauty and spa services in Hong Kong under the "Doctor's Concept" brand. Its business is divided into two main segments: medical beauty services and regular beauty services. This Hong Kong-based company achieved revenue of $6 million for the 12 months ending December 31, 2024. The company plans to list on NASDAQ under the ticker symbol "MEDG," with U.S. Trust Investment Services and WestPark Capital serving as co-bookrunners
According to the Zhitong Finance APP, MEDI Group (MEDG.US), a medical and traditional beauty service provider headquartered in Hong Kong, submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) last Friday, planning to raise up to $15 million. According to the prospectus, the company intends to issue 3.3 million shares at a price of $4 to $5 per share, with a total fundraising amount of $15 million. Based on the median of the price range, MEDI Group's market value will reach $136 million.
MEDI Group is a beauty and personal care service company that offers a full range of beauty and spa services in Hong Kong under the "Doctor's Concept" brand. Its business is divided into two main segments: medical beauty services and regular beauty services.
Founded in 2004, this Hong Kong company achieved revenue of $6 million for the 12 months ending December 31, 2024. The company plans to list on NASDAQ under the stock code "MEDG," with U.S. Trust Investment Services and WestPark Capital serving as co-managers of the underwriting
