KWF Group Holding, a civil engineering subcontractor in Hong Kong, filed on Tuesday with the SEC to raise up to $8 million in an initial public offering.
The company plans to raise $8 million by offering 2 million shares at $4. At the proposed price, KWF Group Holding would command a market value of $108 million.
The company operates as a civil engineering subcontractor in Hong Kong, primarily working on public sector infrastructure projects. It is a Registered Subcontractor in earthwork, road drainage, and sewer and others (waterworks) under general civil works, and a Registered Specialist Trade Contractor under structural steelworks.
The Hong Kong-based company was founded in 2014 and booked $13 million in revenue for the 12 months ended February 28, 2025. It plans to list on the Nasdaq but has not selected a symbol yet (RC ticker: KWFG.RC). KWF Group Holding filed confidentially on May 14, 2025. Pacific Century Securities and Revere Securities are the joint bookrunners on the deal.
