Corporate Finance &

Capital Market

Recognising the need for intelligent, innovative solutions in today's fast-paced business environment, we are highly regarded for our expertise in capital markets. We provide tailored guidance through every complexity, offering bespoke solutions across a wide spectrum of corporate finance transactions to ensure our clients' success.

Initial Public Offering (IPO) and Fundraisings

We specialise in guiding prospective issuers through the rigorous IPO journey for any of the Hong Kong Stock Exchange (HKEx), New York Stock Exchange (NYSE) or NASDAQ. Our service goes beyond mere compliance; we partner with companies to strategically enhance their operations, governance, and financial profile to meet and exceed the criteria for successful listing. When capital is required to achieve the necessary valuation or operational scale, we leverage our network to facilitate the sourcing of pre-IPO funding, ensuring the company is sizable and optimally positioned for its debut on the global capital markets.

Why would you consider floating your business

Listing on the Hong Kong Stock Exchange (HKEx) can be a strategic move to unlock capital and credibility in the region. The HKEx acts as a unique gateway, providing direct access to a deep pool of both international. This can be particularly valuable for a UK brand looking to finance expansion in China or Asia. Furthermore, Hong Kong's familiar legal system, which is based on English common law, can reduce the regulatory friction for a UK company, offering a robust and well-regarded framework that Asian investors trust, potentially leading to strong valuations and market support.

SMEs in technology or biotech sectors might alternatively consider the NASDAQ or NYSE American to access the largest and most liquid capital market in the world. A NASDAQ or NYSE American listing offers unparalleled exposure to a vast base of specialist US investors, analysts, and funds with a deep appetite for high-growth narratives, which can often result in higher valuations than those achievable in Europe.

Listing Requirements and Criteria

Requirements Equity Standard Market Value Standard Net Income Standard
Stockholders' Equity US$5m US$4m US$4m
Market Value of Publicly Held Shares US$15m US$15m US$5m
Operating History 2 Years No Requirements No Requirements
Market Value of Listed Shares No Requirements US$50m No Requirements
Net Income (Most Recent Year) No Requirements No Requirements US$750,000
Publicly Held Shares (No.) 1m 1m 1m
Unrestricted Round Lot Shareholders 300 300 300
Requirements Standard 1 Standard 2 Standard 3 Standard 4
Shareholders' Equity US$4m US$4m US$4m No Requirements
Pre-tax income US$750,000 No Requirements No Requirements No Requirements
Market capitalisation No Requirements No Requirements US$50m US$75m
Distribution 800 public shareholders and 0.5m shares publicly held OR 400 public shareholders and 1m shares publicly held
Minimum Price US$3 US$3 US$2 US$3
Market Value of Public Float US$3m US$15m US$15m US$20m
Requirements Market Cap/Profit Test
Market Capitalisation HK$500m (US$64m)
Profit in Most Recent Year >=HK$35m (US$4.5m)
Aggregate Profits for First 2 Years >=HK$45m (US$5.8m)
Public Float >=25% Shares Held by Public
Shareholder Number At Least 300 at Listing
Management Continuity Unchanged for 3 Years
Requirements GEM IPO
Operating Cash Flow 2-Year Aggregate >= HK$30m (US$3.9m)
Net Profit No Requirements
Management Continuity Recent 2 Years
Ownership Continuity Recent Full Year
Shareholder Number At Least 100 at Listing
Public Float >=25% Shares Held by Public

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