Cafe Deco Group, which operates restaurants and bakeries in Hong Kong and Australia, filed on Monday with the SEC to raise up to $13 million in an initial public offering.
The Hong Kong-based company plans to raise $13 million by offering 1.8 million shares at a price range of $6 to $8. At the midpoint of the proposed range, Cafe Deco Group would command a market cap of $153 million.
Cafe Deco is a food and beverage group that operates 45 restaurants across Hong Kong and Sydney, Australia, offering a range of casual dining concepts through both self-operated brands and licensed international brands such as Chatime and Duan Chun Zhen. Its business model is vertically integrated, encompassing a food processing division, Food Square, which serves about 400 foodservice outlets, and a bakery division, Baker & Patissier, which supplies roughly 350 outlets in Hong Kong and Macau.
The Hong Kong-based company was founded in 1998 and booked $108 million in revenue for the 12 months ended March 31, 2025. It has not yet selected an exchange or a ticker (RC ticker: CFDE.RC). Kingswood Capital Markets is the sole bookrunner on the deal.
