Zenta Group, which offers a credit risk analysis platform and distributes fintech products in China, filed on Monday with the SEC to raise up to $7 million in an initial public offering.
The Macau-based company plans to raise $7 million by offering 1.5 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Zenta Group would command a market value of $52 million.
Zenta Group is a professional services provider in Macau. Originally focused on providing industrial park and business investment consultation services, the company started developing its fintech business in the 2H23, which accounted for a majority of its revenue in the FY24. Its fintech business currently involves selling a platform for analyzing customer credit risk and consumption behaviors, as well as acting as an intermediary distributor of fintech products offered by its supplier Guo Yan.
Zenta Group was founded in 2019 and booked $2 million in sales for the 12 months ended September 30, 2024. It plans to list on the Nasdaq under the symbol ZGM. The company filed confidentially on May 3, 2024. Cathay Securities is the sole bookrunner on the deal.
