Hong Kong-based printer Samfine Creation Holdings Group files and sets terms for an $11 million US IPO

Samfine Creation Holdings Group, a Hong Kong-based provider of printing services, filed on Monday with the SEC to raise up to $11 million in an initial public offering.

The company plans to raise $11 million by offering 2.5 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Samfine Creation Holdings Group would command a market value of $92 million.

Through its operating subsidiaries, the company offers a wide range of printed products including book products, like educational books and notebooks, and novelty and packaging products, like handcraft products and pop-up books. Its customers are primarily book traders in Hong Kong whose clients are located around the world, mainly in the US and Europe. Samfine Creation's operating subsidiaries have extensive experience in customized and personalized book printing.

Samfine Creation Holdings Group was founded in 1993 and booked $14 million in sales for the 12 months ended June 30, 2023. It plans to list on the Nasdaq under the symbol SFHG. The company filed confidentially on June 1, 2022. Revere Securities is the sole bookrunner on the deal.