Hong Kong event and stage service provider BUUU Group (BUUU.US) IPO priced at 4-6 US dollars per share, planning to raise 8 million US dollars.

Hong Kong event management and stage production service provider BUUU Group (BUU.US) submitted its initial public offering application to the U.S. Securities and Exchange Commission last Friday, with plans to raise up to $8 million. The company plans to issue 1.5 million shares of stock at a price range of $4 to $6 per share, which would give BUUU Group a market value of approximately $83 million if calculated at the midpoint of the proposed range. Founded in 2017, BUUU Group primarily offers conference, incentive travel, large conferences and exhibitions (MICE) solutions for various clients, including public institutions, marketing and public relations companies, real estate firms, and many well-known brands. Its core business includes event management and stage production. In the 12 months ending June 30, 2024, BUUU Group reported revenues of $6 million. The company plans to list on the Nasdaq under the ticker symbol BUUU, and submitted related documents confidentially on December 23, 2024. Pacific Century Securities is the sole bookrunner for this transaction. BUUU Group's IPO plans indicate that it is seeking to further expand its business through the capital market to enhance its competitiveness in the field of event management and stage production. With the global events industry recovering and growing, BUUU Group is poised to utilize its professional services and innovative solutions to meet the increasing demand for high-quality event experiences in the market.