QDM International, an insurance distributor in Hong Kong, announced terms for its IPO on Thursday. The company is currently quoted on the OTCQB Venture Market under the symbol "QDMI."
The Hong Kong-based company plans to raise $6 million by offering 1.3 million shares at a price range of $4 to $5. At the midpoint of the proposed range, QDM International would command a market cap of $45 million.
Because it is expected to have a market cap of less than $50 million, QDM International will be excluded from Renaissance Capital's IPO stats.
Through its subsidiary YeeTah, the company sells a wide range of insurance products consisting of two major categories: life and medical insurance, such as individual life insurance; and general insurance, such as car insurance, commercial property insurance, liability insurance, and homeowner insurance. YeeTah sells insurance products underwritten by insurance companies operating in Hong Kong to individual customers who are either Hong Kong residents or visitors from mainland China. YeeTah currently has agreements with 23 insurance companies in Hong Kong.
QDM International was founded in 1998 and booked $11 million in sales for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol QDMI. Kingswood Capital Markets and Axiom Capital Management are the joint bookrunners on the deal.
