Decca Investment, a Hong Kong-based maker of wooden furniture and fixtures, filed on Wednesday with the SEC to raise up to $33 million in an initial public offering.
The Hong Kong-based company plans to raise $33 million by offering 6 million shares at a price range of $4 to $7. At the midpoint of the proposed range, Decca Investment would command a market cap of $253 million.
Decca Investment describes itself as a specialized architectural woodworking company which manufactures custom made wooden furniture and architectural fixtures and fittings such as panelling, floors, built-in cabinets, molding, doors and door frames. The company serves residential, office, hotel and retail markets in Asia, primarily in Hong Kong and China, as well as in the US and Europe.
The company was founded in 1973 and booked $96 million in revenue for the 12 months ended March 31, 2022. It plans to list on the Nasdaq under the symbol DCCA. Decca Investment filed confidentially on April 18, 2022. Univest Securities is the sole bookrunner on the deal.
