Hong Kong IPO and ESG consulting service provider Starrygazey (MARH.US) applies for listing in the US, planning to raise $17 million.

Hong Kong-based IPO and ESG consulting services provider Starrygazey (MARH.US) submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) last Friday, planning to raise up to $17 million through IPO. The company plans to issue 3.8 million shares at a price of $4 to $5 per share, raising $17 million. Based on the midpoint of the proposed offering price range, Starrygazey's market value will reach $106 million. Starrygazey, through its wholly-owned subsidiaries ARMCL and ICEDL, provides pre-IPO consulting, IPO consulting, post-IPO consulting, and ESG consulting services, mainly for small and medium-sized enterprise clients. In the two years ending June 30, 2025, its main subsidiary ARMCL provided pre-IPO consulting, IPO consulting, and post-IPO consulting services to 3, 2, and 4 clients respectively. The company was founded in 2018 and plans to list on Nasdaq with the stock code MARH. It submitted a confidential IPO application to the SEC on September 19, 2025. Pacific Century Securities is the exclusive bookrunner for this IPO.