Hong Kong education service company RSHL.US raises IPO size, now aiming to raise $7 million.

Rise Smart Group Holdings, a company that provides services to Hong Kong students seeking higher education overseas, increased the proposed transaction size for its upcoming initial public offering (IPO) last Friday. The company now plans to issue 1.8 million shares at a price of $4 per share to raise $7 million. Previously, the company planned to issue 1.3 million shares at a price of $4-6 per share to raise $6 million. The company plans to list on NASDAQ with the ticker symbol "RSHL". Established in 2006, Rise Smart Group Holdings, through its Hong Kong operating subsidiary, provides secondary and higher education services to local students interested in studying in the UK, Australia, Canada, and New Zealand. Services offered by the company mainly include overseas study consultation for Hong Kong students, but also include value-added services such as tutoring and visa consultation. Data shows that the company's 12-month revenue as of June 30, 2024, was $3 million.