Hong Kong business consultant and valuation service provider Pyrostone Holdings (PYST.US) applies for IPO in the United States, planning to raise $6 million.

Commercial consultant and valuation service provider Pyrostone Holdings, headquartered in Hong Kong, filed a prospectus with the US Securities and Exchange Commission (SEC) last Thursday, planning to raise up to $6 million in funds through an initial public offering (IPO). According to the prospectus, the company plans to issue 1.5 million shares of common stock at a price of $4 per share. Based on this calculation, Pyrostone Holdings is valued at approximately $118 million. The company plans to list on the Nasdaq under the symbol PYST, with Pacific Century Securities as the exclusive underwriter for this offering. Pyrostone Holdings, through its operating subsidiary Ravia Global Appraisal Advisory Limited, provides diversified business consulting and valuation services in Hong Kong, covering tangible and intangible assets, real estate, enterprises, financial instruments, and long-term service payments valuation businesses. In addition, the company also offers ESG (environment, social, and governance) consulting, internal control reviews, market research, and secondary appraisal consultant services. Its client base includes listed companies and private enterprises, spanning across various industries such as finance, education, natural resources, pharmaceuticals, restaurants, automotive, construction, and technology. The prospectus shows that the company recorded approximately $3 million in revenue in the twelve months ending on March 31, 2025. Founded in 2014, Pyrostone has established a stable corporate client base in Hong Kong and the Asia Pacific region over the past decade.