Intelligent Group, which provides financial public relations consulting in Hong Kong, filed on Tuesday with the SEC to raise up to $23 million in an initial public offering.
The Hong Kong-based company plans to raise $23 million by offering 5 million shares (32% secondary) at a price range of $4 to $5. At the midpoint of the proposed range, Intelligent Group would command a market value of $66 million.
Intelligent Group advises clients on their communications and reputation management efforts. The firm provides services to clients during mergers and acquisitions, IPOs, and restructurings on a variety of complex business. These efforts include maintenance and development of public relations and investor relations, conferences and interviews, media monitoring, crisis management, and investor targeting.
Intelligent Group was founded in 2016 and booked $2 million in revenue for the 12 months ended November 30, 2022. It plans to list on the Nasdaq under the symbol INTJ. Intelligent Group filed confidentially on June 23, 2022. Univest Securities is the sole bookrunner on the deal.
