Hong Kong aviation human resources service provider Timwood Holdings (TIWD.US) IPO pricing at $4-6 per share, aiming to raise $28 million.

Hong Kong based aviation and airport services manpower solutions provider Timwood Holdings (TIWD.US) filed an application with the U.S. Securities and Exchange Commission (SEC) last Friday, planning to raise up to $28 million through an initial public offering (IPO). The company plans to issue 5.6 million shares of stock at a price range of $4 to $6 per share, raising $28 million. Based on the midpoint of the proposed range, Timwood Holdings will have a market value of $128 million. Timwood Holdings is a provider of aviation logistics manpower solutions based in Hong Kong, providing manpower support to airport terminal service providers and aviation service providers through its indirectly wholly-owned operating subsidiary, Timwood Asia Logistics. The company's services cover manpower needs in three major areas: cargo handling, airport ground handling services, and terminal passenger services. Its main business is deploying warehouse personnel within airport terminal facilities, responsible for the physical handling of import and export goods and forklift driving, supporting round-the-clock 24/7 cargo handling operations. The company was founded in 2018 and generated revenues of $8 million in the 12 months ended December 31, 2025. The company plans to list on the Nasdaq under the stock symbol TIWD. Timwood Holdings submitted its listing application confidentially on November 5, 2025. Kingswood Capital Markets serves as the sole book-running manager for this transaction.