Sibo Holding, a boutique investment bank and financial services provider in Hong Kong, announced terms for its IPO on Thursday.
The company plans to raise $6 million by offering 1.5 million shares at a price of $4. At the proposed price, Sibo Holding would command a market cap of $54.2 million.
Operating through subsidiary StormHarbour HK, the company notes that it has raised more than $900 million for clients with various transaction types, including loans and equity sales, over the past three years. StormHarbour HK derives income primarily through service-based fees and commissions, including those received as an introducing broker. StormHarbour HK divides its business into two segments, Capital Markets, which focuses on private equity, private debt fundraising, and financial advisory services, and Asset Management, where its services include fund management, investment solutions, wealth management, and private bank account advisory.
Sibo Holding was founded in 2009 and booked $7 million in revenue for the 12 months ended December 31, 2024. It plans to list on the Nasdaq under the symbol SIBO. R.F. Lafferty & Co. is the sole bookrunner on the deal.
