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Week of Expected Pricing Pending
Company Name RISE SMART GROUP HOLDINGS LTD
Proposed Ticker RSHL
CUSIP N/A
Business Description We are an exempted company incorporated under the laws of the Cayman Islands on June 14, 2023. As a holding company with no material operations of our own, we conduct our business through our wholly-owned Hong Kong Operating Subsidiary, Rise Smart Holdings Limited, founded on January 9, 2006. We mainly provide services to local students who are seeking secondary education and higher education studies in the United Kingdom (“UK”), Australia, Canada, and New Zealand. According to Frost & Sullivan, we are an established overseas studies consultancy services provider with, a market share of approximately 11.8% in terms of revenue in 2022. Through the continued efforts of our management, our total revenue increased from US$0.7 million for the year ended December 31, 2021 to US$1.7 million for the year ended December 31, 2022. We principally provide overseas studies consultancy services to students in Hong Kong. We also provide other value-added services such as (i) tutoring services to students by cooperating with tutoring agencies to provide online tutoring services to students; and (ii) visa consultation services to facilitate customers’development in the UK, Canada, and Australia.
Lead Underwriter Pacific Century Securities, LLC,Revere Securities LLC
Co-Managers N/A
Initial Shares 1,250,000
Revised Initial Shares N/A
Initial Price $4.00-$6.00
Revised Price N/A
Final Price N/A
Final Ticker N/A

 

 

   
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