Top KingWin, which provides financing advisory and other business services to SMEs in China, filed on Wednesday with the SEC to raise up to $14 million in an initial public offering.
The Guangzhou, China-based company plans to raise $14 million by offering 3 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Top KingWin would command a market value of $68 million.
Top KingWin provides advisory and transaction services, corporate consulting services, and corporate business training services, primarily to entrepreneurs and executives in small and medium enterprises (SMEs) in China. Its corporate business training services mainly focus on advanced knowledge and new perspectives on the capital markets, and its corporate consulting services mainly focus on various aspects of fundraising.
Top KingWin was founded in 2018 and booked $6 million in revenue for the 12 months ended September 30, 2022. It plans to list on the Nasdaq under the symbol TCJH. The company filed confidentially on August 26, 2022. Univest Securities is the sole bookrunner on the deal.
