MEDI Group, which provides medical and traditional cosmetic services in Hong Kong, filed on Friday with the SEC to raise up to $15 million in an initial public offering.
The company plans to raise $15 million by offering 3.3 million shares at a price range of $4 to $5. At the midpoint of the proposed range, MEDI Group would command a market value of $136 million.
MEDI Group is a beauty and personal care service company offering a broad range of beauty and spa services in Hong Kong under the brand "Doctor's Concept." The company offers two categories of services: medical aesthetic services and normal beauty services.
The Hong Kong-based company was founded in 2004 and booked $6 million in revenue for the 12 months ended December 31, 2024. It plans to list on the Nasdaq under the symbol MEDG. American Trust Investment Services and WestPark Capital are the joint bookrunners on the deal.
