Starrygazey, a Hong Kong-based provider of IPO and ESG advisory services, raised the proposed deal size for its upcoming IPO on Tuesday.
The Hong Kong-based company now plans to raise $28 million by offering 6.3 million shares at a price range of $4 to $5. The company had previously filed to offer 3.8 million shares at the same range. At the midpoint of the revised deal size, Starrygazey will raise 67% more in proceeds than previously anticipated and command a market cap of $120 million (+10% versus previous terms).
Through its wholly-owned subsidiaries, ARMCL and ICEDL, the company provides pre-IPO advisory services, IPO advisory services, post-IPO advisory services, and ESG advisory services. Starrygazey primarily serves small and medium-sized businesses. During the two years ended June 30, 2025, its primary subsidiary, ARMCL, had 3, 2, and 4 client engagements for pre-IPO advisory services, IPO advisory services, and post-IPO advisory services, respectively.
Starrygazey was founded in 2018 and booked $2 million in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol MARH. Pacific Century Securities is the sole bookrunner on the deal.
