Dalu International Group, which provides property management services and real estate leasing in China, filed on Tuesday with the SEC to raise up to $8 million in an initial public offering.
The Chengdu, China-based company plans to raise $8 million by offering 1.5 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Dalu International Group would command a market value of $98 million.
Dalu International is an integrated property management and commercial operation services provider and real estate leasing firm in China. The company primarily generates revenue from property management services, commercial operation services, real estate leasing, and other community value-added services.
Dalu International Group was founded in 2002 and booked $6 million in revenue for the 12 months ended September 30, 2024. It plans to list on the Nasdaq under the symbol DLHZ. The company filed confidentially on November 21, 2022. Revere Securities is the sole bookrunner on the deal.
