Cre8 Enterprise, a Hong Kong provider of printing and other services for financial reporting, filed on Monday with the SEC to raise up to $8 million in an initial public offering.
The Hong Kong, China-based company plans to raise $8 million by offering 1.8 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Cre8 Enterprise would command a fully diluted market value of $109.1 million and an enterprise value of $105.4 million.
Cre8 provides 24/7 integrated financial printing services for listed companies, IPO applicants and private companies in the finance and capital market in Hong Kong. Its services include concept creation and artwork design, typesetting, proofreading, printing, and stock exchange submission services.
The company was founded in 2006 and booked $15 million in sales for the 12 months ended December 31, 2023. It plans to list on the Nasdaq under the symbol CRE. Cre8 Enterprise filed confidentially on December 22, 2023. Benjamin Securities and Prime Number Capital are bookrunners on the deal.
