Sibo Holding, a boutique investment bank and financial services provider in Hong Kong, filed on Wednesday with the SEC to raise up to $15 million in an initial public offering.
The company initially filed its F-1 in August 2025 and set preliminary terms later that month. Sibo withdrew its original F-1 earlier today.
Sibo now plans to raise $15 million by offering 15.8 million shares at a proposed price of $4. At the proposed deal size, the company would command a market cap of $63 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.
The Hong Kong-based company was founded in 2009 and booked $5 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol SIBO. Sibo Holding filed confidentially on March 25, 2025. R.F. Lafferty & Co. is the sole bookrunner on the deal.
