Idea Tech Holding, which distributes drones and provides STEM training in Hong Kong, filed on Friday with the SEC to raise up to $9 million in an initial public offering.
The company plans to raise $9 million by offering 2 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Idea Tech Holding would command a market value of $65 million.
Idea Tech is a provider of STEM and technological innovation education solutions, operating through subsidiary Ask Idea. The company's core business focuses on providing innovative training programs and high-quality educational products. It is an authorized distributor of drones and related products, as well as the exclusive distributor of educational drones under the HuLa brand.
The Hong Kong-based company was founded in 2018 and booked $4 million in sales for the 12 months ended December 31, 2024. It plans to list on the Nasdaq under the symbol IDTL. Idea Tech Holding filed confidentially on April 1, 2025. R.F. Lafferty & Co. is the sole bookrunner on the deal.
