Gifts International Holdings, a Hong Kong-based designer and distributor of gift packages, filed on Friday with the SEC to raise up to $6 million in an initial public offering.
The Hong Kong, China-based company plans to raise $6 million by offering 1.5 million shares at a proposed price of $4. At the midpoint of the proposed range, Gifts International Holdings would command a market cap of $79 million.
The company states it is one of the primary players in Hong Kong's corporate gifting industry, with its clients including banks, insurance companies, real estate companies, market companies, and other businesses. Its product offering includes floral gifts, fruit baskets, gift hampers, seasonal gifts, and various other customizable options.
The Hong Kong, China-based company was founded in 2008 and plans to list on the Nasdaq under the symbol GINT. R.F. Lafferty & Co. is the sole bookrunner on the deal.
