Acco Group Holdings, a Hong Kong-based provider of secretarial and other corporate services, filed on Friday with the SEC to raise up to $7 million in an initial public offering.
The Hong Kong, China-based company plans to raise $7 million by offering 1.4 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Acco Group Holdings would command a fully diluted market value of $69.5 million and an enterprise value of $62.4 million.
Through its operating subsidiaries, the company provides corporate secretarial services and accounting services in Hong Kong, as well as intellectual property registration services in Singapore. The majority of its revenue during the six months ended December 31, 2024 came from its corporate secretarial services. At the end of 2024, Acco Group Holdings had 2,902 active client engagements in Hong Kong, and another 210 in Singapore.
The Hong Kong, China-based company was founded in 2009 and plans to list on the Nasdaq under the symbol ACCL. Acco Group Holdings filed confidentially on December 5, 2024. Revere Securities is the sole bookrunner on the deal.
