Hong Kong student dormitory operator Student Living EduVation (SDLV.US) raises fundraising target to $31 million IPO price $4-6 per share.

Hong Kong student dormitory operator Student Living EduVation (SDLV.US) announced on Thursday that it has increased the size of its upcoming initial public offering (IPO). The company, headquartered in Hong Kong, plans to issue 6.3 million shares of stock at a price of $4 to $6 per share, raising $31 million. In March of this year, the company had applied to issue 3.8 million shares of stock at a price of $4-6 per share, raising $19 million, an increase of 25% from the initial fundraising target of $15 million. Based on the revised midpoint of the issuance size range, the company's market value will reach $131 million. Student Living EduVation was founded in 2016. The company operates under the "Student Living" brand, providing student accommodation and property management services, as well as education consultation and referral services. Currently, the company manages five dormitory properties in Hong Kong, with a total area of over 26,500 square feet, serving approximately 400 individual clients annually, 95% of whom are from mainland China. The overall occupancy rate of the properties under the company is 100%, and the dormitories are located near major universities, offering a total of 143 rooms, primarily single rooms, with an average rental period of one year. Data shows that the company generated revenue of $3 million in the 12 months ending September 30, 2025. The company plans to list on the Nasdaq with the stock code "SDLV". D. Boral Capital is the exclusive underwriter for this offering.