Skyline Builders Group Holding, which provides construction services for roads and drainage projects in Hong Kong, filed on Friday with the SEC to raise up to $6 million in an initial public offering.
The Hong Kong-based company plans to raise $6 million by offering 1.5 million shares at $4. At the proposed price, Skyline Builders Group Holding would command a market value of $120 million.
Through subsidiary Kin Chiu Engineering, the company operates in a single segment as an Approved Public Works Contractor undertaking roads and drainage to its customers in Hong Kong. It mostly undertakes civil engineering works in the role of subcontractor, though it is also fully qualified to act as a main contractor.
Skyline Builders Group Holding was founded in 2012 and booked $49 million in revenue for the 12 months ended March 31, 2024. It plans to list on the Nasdaq under the symbol SKBL. The company filed confidentially on August 9, 2024. Pacific Century Securities is the sole bookrunner on the deal.
