Hong Kong boutique investment bank Sibomai plans to set the IPO issue price at $4 per share, aiming to raise $6 million
Hong Kong boutique investment bank Sibo Holding announced on Thursday that its IPO offering price for U.S. stocks is set at $4 per share, planning to issue 1.5 million shares to raise approximately $6 million, with a total market value of about $54.2 million. Sibo was established in 2009 and has raised over $900 million for clients in the past three years, primarily operating through its subsidiary StormHarbour HK, providing capital market and asset management services. The company plans to list on NASDAQ under the ticker symbol "SIBO"
According to the Zhitong Finance APP, Sibo Holding, a boutique investment bank and financial services provider headquartered in Hong Kong, announced the specific issuance terms for its initial public offering (IPO) in the U.S. stock market on Thursday.
It is understood that this boutique investment bank plans to issue 1.5 million shares at a price of $4 per share, raising approximately $6 million. Based on the proposed issuance price, Sibo's overall market value will reach approximately $54.2 million.
Operating through its subsidiary StormHarbour HK, Sibo stated that it has raised over $900 million for clients through various types of transactions, including loans and equity sales, over the past three years. StormHarbour HK's revenue mainly comes from service-based fees and commissions, including commissions earned as referral and introducing brokers.
StormHarbour HK divides its business into two core segments: capital markets (with a focus on private equity, private debt financing, and financial and advisory services) and asset management (with key services including fund management, investment solutions, wealth management, and private banking account advisory).
According to reports, Sibo Holding was established in 2009 and achieved overall revenue of approximately $7 million for the 12 months ending December 31, 2024. The company plans to list on the NASDAQ market in the U.S., with the stock code tentatively set as "SIBO." R.F. Lafferty & Co. is the sole bookrunner for this issuance plan
