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Hong Kong contractor Skyline Builders prices US IPO at $4

January 23, 2025
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Skyline Builders Group Holding, which provides construction services for roads and drainage projects in Hong Kong, raised $6 million by offering 1.5 million shares at $4, as expected.

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 plans to list on the Nasdaq under the symbol SKBL. Dominari Securities and Revere Securities acted as joint bookrunners on the deal.