GreenVector Holdings, a Hong Kong developer of recycled construction materials, filed on Friday with the SEC to raise up to $10 million in an initial public offering.
The company plans to raise $10 million by offering 2 million shares at a price range of $4 to $6. At the midpoint of the proposed range, GreenVector Holdings would command a market cap of $60 million.
GreenVector Holdings operates as a key manufacturer of sustainable construction solutions in Hong Kong, focusing on eco-friendly products like Eco-Glass Blocks and Air Pollutant Removal Paving Blocks made from recycled materials. Through its operating subsidiary, it serves over 50 corporate clients, primarily major construction firms in Hong Kong, with distribution historically facilitated by affiliate TioStone Environmental Limited. The company maintains a localized supply chain with partnerships for recycled material sourcing and conducts ongoing research to develop new low-carbon materials.
The Hong Kong-based company was founded in 2005 and booked $5 million in revenue for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol GRVT. GreenVector Holdings filed confidentially on July 23, 2025. Craft Capital Management and Revere Securities are the joint bookrunners on the deal.
