Timwood Holdings, a Hong Kong-based provider of staffing solutions for aviation and airport services, filed on Friday with the SEC to raise up to $28 million in an initial public offering.
The company plans to raise $28 million by offering 5.6 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Timwood Holdings would command a market cap of $128 million.
Timwood Holdings is a Hong Kong-based provider of staffing solutions to the aviation logistics sector, supplying manpower to airport terminal services providers and aviation services providers through its indirect wholly-owned operating subsidiary, Timwood Asia Logistics. The company's services address labor requirements across three areas: cargo handling, airport ground handling, and terminal passenger services. Its principal offering involves stationing warehouse personnel at airport terminal facilities to perform physical cargo handling for import and export shipments and to operate forklifts, supporting continuous, 24-hour cargo handling operations.
The Hong Kong-based company was founded in 2018 and booked $8 million in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol TIWD. Timwood Holdings filed confidentially on November 5, 2025. Kingswood Capital Markets is the sole bookrunner on the deal.
