Student Living EduVation, which provides student dormitory accommodations in Hong Kong, filed on Tuesday with the SEC to raise up to $29 million in an initial public offering.
The company operates as a provider of student accommodation and property management services under the Student Living brand, alongside referral services for education advisory. It manages five dormitory locations in Hong Kong with a total area exceeding 26,500 square feet, serving approximately 400 individual customers annually, with 95% of them from mainland China. The company maintains a 100% occupancy rate across its facilities, which are strategically positioned near major universities, and offers 143 rooms, mostly single units, with an average customer lease period of one year.
The Hong Kong-based company was founded in 2016 and booked $2 million in revenue for the 12 months ended March 31, 2025. It plans to list on the Nasdaq but has not yet selected a ticker (RC ticker: SLED.RC). D. Boral Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
