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Worldstar Engineering Holdings Filed Terms, Nasdaq: WSTAR.RC

Hong Kong-based provider of building maintenance and renovation services.

Industry: Industrials

Latest Trade: ()

First Day Return:

Return from IPO:

Industry: Industrials

We are a contractor specializing in RMAA and painting works in Hong Kong. Through our operating subsidiary WEHK, established in Hong Kong in March 1999, we performed RMAA works mainly include renovation, repair, maintenance, alteration, addition, interior fitting-out works and other minor building works in Hong Kong. In addition to RMAA activities, we also undertook painting works as part of our operational capabilities. WEHK mainly handles public sector projects in Hong Kong, with some involvement in private sector RMAA and painting works. WEHK is a Registered Specialist Trade Contractor of (i) building maintenance; (ii) interior fitting-out; and (iii) painting works under the Registered Specialist Trade Contractors Scheme of the Construction Industry Council of Hong Kong. As of the date of this prospectus, WEHK is also listed on the Hong Kong Housing Authority’s Reference List of Decoration. During FY2024 and FY2025, we derived a portion of our revenue from our Major Customer, which accounted for approximately 82.0% and 93.7% of our total revenue, respectively. Our Major Customer, a registered general building contractor in Hong Kong, frequently serves as a main contractor for both public and private works. We may continue to derive a significant portion of our revenue from RMAA and painting projects for our Major Customer in the foreseeable future.
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IPO Data
IPO File Date 06/30/2026
Offer Price
Price Range $5.00 - $6.00
Offer Shares (mm) 5.0
Deal Size ($mm) $28
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $5.00 - $6.00
Offer Shares (mm) 5.0
Deal Size ($mm) $28
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Stratosphere Capital
Company Data
Headquarters Hong Kong, China
Founded 1999
Employees at IPO 13
Website www.worldstarengineering.com/

Worldstar Engineering Holdings (WSTAR.RC) Performance