Zi Yun Dong Fang, a Hong Kong-based provider of cross-border investment feasibility and support services, filed on Friday with the SEC to raise up to $8 million in an initial public offering.
The 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, Zi Yun Dong Fang would command a market value of $83 million.
Through its operating subsidiary Ziyun Oriental, the company provides advisory and consulting services focused on assessing and researching the feasibility of investments in Southeast Asia, particularly Vietnam. The company aims to provide one-stop cross-border enterprise service solutions and overseas landing services for Southeast Asian enterprises.
The company was founded in 2021 and booked $2 million in revenue for the 12 months ended November 30, 2024. It plans to list on the Nasdaq under the symbol YLY. Revere Securities is the sole bookrunner on the deal.
