Baiya International Group, a Chinese HR platform that connects companies and blue-collar staffing agencies, filed on Tuesday with the SEC to raise up to $15 million in an initial public offering.
The Dongguan, China-based company plans to raise $15 million by offering 3 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Baiya International Group would command a market cap of $65 million.
Through its operating subsidiary Gongwuyuan, the company focuses on providing job matching services, recruitment services, project outsourcing services, and labor dispatching services in China. It covers over 5 provinces and 30 cities, but is primarily focused on the Pearl River Delta and Yangtze River Delta.
The Dongguan, China-based company was founded in 2017 and booked $11 million in revenue for the 12 months ended June 30, 2023. It plans to list on the Nasdaq under the symbol BIYA. Baiya International Group filed confidentially on November 14, 2022. Revere Securities is the sole bookrunner on the deal.
