Baiya International Group, a Chinese HR platform that connects companies and blue-collar staffing agencies, raised $10 million by offering 2.5 million shares at $4, the low end of the range of $4 to $6.
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.
Baiya International Group plans to list on the Nasdaq under the symbol BIYA. Cathay Securities and Revere Securities acted as joint bookrunners on the deal.
