Healthy Green Group Holding, which operates a chain of organic food stores in Hong Kong under the Greendotdot brand, announced terms for its IPO on Wednesday.
The Hong Kong-based company plans to raise $13 million by offering 2 million shares at a price range of $6 to $7. At the midpoint of the proposed range, Healthy Green Group Holding would command a market value of $74 million.
Healthy Green Group is a Hong Kong-based retailer of natural and organic food. Launching its first retail store in 1999, the company now operates a chain of 22 stores under the Greendotdot brand, offering a portfolio of over 600 products sourced from a network of 134 suppliers. The company's stores are strategically located in areas with high pedestrian traffic, including Metrorail stations, residential areas, and shopping complexes.
Healthy Green Group Holding was founded in 1999 and booked $21 million in sales for the 12 months ended December 31, 2022. It plans to list on the NYSE American under the symbol GDD. EF Hutton is the sole bookrunner on the deal.
