CALM Chain International, a Hong Kong-based human resources services provider, filed on Tuesday with the SEC to raise up to $18 million in an initial public offering.
The Hong Kong-based company plans to raise $18 million by offering 3 million shares (33% secondary) at a price range of $5 to $7. At the midpoint of the proposed range, CALM Chain International would command a market cap of $120 million.
CALM Chain International operates through its subsidiary, TalentQuest, a human resources services firm providing Employer of Record (EoR) and HR outsourcing, executive search, and HR research services. TalentQuest acts as the employer of record for client workforces, conducts contingency-based executive searches, and delivers workforce and regulatory research for clients expanding into new jurisdictions, including employment laws, compensation requirements, visas, and related considerations.
The Hong Kong, China-based company was founded in 2012 and plans to list on the Nasdaq under the symbol CCIL. CALM Chain International filed confidentially on September 9, 2025. Pacific Century Securities is the sole bookrunner on the deal.
