Galaxy Payroll Group, a Hong Kong-based provider of outsourced payroll and other business services, filed on Wednesday with the SEC to raise up to $25 million in an initial public offering.
Operating through its wholly-owned subsidiaries, Galaxy Payroll Group is a payroll outsourcing, employment, and consultancy and market research service provider. The company serves customers across the retail and trading, industrial, IT, financial, professional services, professional institution and education, and healthcare industries.
The Hong Kong-based company was founded in 2013 and booked $6 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol GLXG. Prime Number Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
