Junee, which provides interior design and fit-out services in Hong Kong, filed on Wednesday with the SEC to raise up to $20 million in an initial public offering.
Through its subsidiary, OPS HK, the company provides interior design, fit-out, and maintenance services to both residential and commercial clients in Hong Kong. The company's design work is performed by in-house designers while the fit-out work and maintenance services are presently outsourced to subcontractors who are managed and supervised by OPS HK. For the six months ended December 31, 2021, OPS HK had 27 customers across commercial and retail, residential, and office properties.
The Hong Kong-based company was founded in 1998 and booked $10 million in revenue for the 12 months ended December 31, 2021. It plans to list on the Nasdaq, although it has not yet chosen a symbol (RC ticker: JNEE.RC). Univest Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
