Student Living EduVation, which provides student dormitory accommodations in Hong Kong, raised the proposed deal size for its upcoming IPO on Thursday.
The Hong Kong-based company now plans to raise $31 million by offering 6.3 million shares at a price range of $4 to $6. The company had previously filed to offer 3.8 million shares at the same range. At the midpoint of the revised deal size, Student Living EduVation will raise 67% more in proceeds than previously anticipated, and command a market cap of $131 million (+11% versus previous terms).
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.
Student Living EduVation was founded in 2016 and booked $3 million in revenue for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol SDLV. D. Boral Capital is the sole bookrunner on the deal.
