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Hong Kong-based contractor Chi Ko Holdings files for an $8 million US IPO

March 16, 2023

Chi Ko Holdings, a Hong Kong-based construction contractor specializing in foundation and site formation, filed on Thursday with the SEC to raise up to $8 million in an initial public offering.

Chi Ko Holdings is an established one-stop shop construction services provider in Hong Kong. The company derives a majority of revenue from foundation and site formation work but also does general building work, as well as other construction work, mainly demolition. Chi Ko is able to undertake construction work as either a main contractor or a subcontractor and provides both build-only and design-and-build services, primarily in the private sector.

The Hong Kong-based company was founded in 1981 and booked $61 million in revenue for the 12 months ended March 31, 2022. It plans to list on the Nasdaq under the symbol CKHL. Chi Ko Holdings filed confidentially on May 12, 2022. EF Hutton is the sole bookrunner on the deal. No pricing terms were disclosed.