Hong Kong enterprise service provider ACCL.US applies for listing in the U.S. intending to raise $7 million.

Enterprise service provider Acco Group Holdings submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) last Friday. The Hong Kong-based company plans to issue 1.4 million shares at a price of $4 to $6 per share, raising $7 million. Based on the midpoint of the proposed offering price range, Acco's fully diluted market value is $69.5 million. The company provides corporate secretarial and accounting services in Hong Kong through its operating subsidiaries, and intellectual property (IP) registration services in Singapore. Most of its revenue for the six-month period ending on December 31, 2024 comes from corporate secretarial services. As of the end of 2024, Acco has 2,902 active clients in Hong Kong and 210 active clients in Singapore. Founded in 2009, Acco plans to list on the Nasdaq with the stock code "ACCL". The company secretly submitted the application on December 5, 2024. Revere Securities is the exclusive underwriter for this transaction.