Hong Kong food and beverage group Cafe Deco Group applies for US IPO, planning to raise $13 million.

Cafe Deco Group, which operates restaurants and baking businesses in Hong Kong and Australia, submitted an application to the U.S. Securities and Exchange Commission (SEC) on Monday, planning to raise up to 13 million dollars through an initial public offering (IPO). The Hong Kong-based company plans to offer 1.8 million shares at a price range of 6 to 8 dollars per share to raise 13 million dollars. At the midpoint of the proposed offering range, Cafe Deco Group's market value would reach 153 million dollars. Deco is a food and beverage group that operates 45 restaurants in Hong Kong and Sydney, Australia, with a range of casual dining options under its own brands and licensed international brands such as Cha Chaan Teng and Missy Ho. Its business model is vertically integrated, including a food processing division, Food Square (serving approximately 400 dining establishments), and a bakery division, Baker & Patissier (supplying approximately 350 stores in Hong Kong and Macau). Founded in 1998, the company had revenue of 108 million dollars in the 12 months ending March 31, 2025. The company has not yet selected a stock exchange or ticker symbol. Kingswood Capital Markets is the sole managing underwriter for the transaction.