Hong Kong printing service provider Xinghui Cloud Printing (SFHG.US) has submitted an application for listing in the United States with the aim of raising $11 million in funds.

Hong Kong printing service provider Samfine Creation Holdings Group (SFHG.US) submitted an IPO application to the U.S. Securities and Exchange Commission (SEC) on Monday, with plans to raise up to $11 million in funds. According to the filing, the company intends to issue 2.5 million shares of stock at a price range of $4 to $5 per share, aiming to raise $11 million. Based on the midpoint of the proposed range, Samfine Creation would have a market value of $92 million. Samfine Creation provides a wide range of printing products through its operating subsidiaries, including books (such as children's books, educational books, art books, notebooks, diaries, and journals) and packaging products (such as boxed sets, pop-up books, and specialty packaging). The company's customers primarily consist of book traders in Hong Kong, with their clientele spread across the world, particularly in the United States and Europe. Samfine Creation's operating subsidiaries have extensive experience in customized and personalized book printing. Founded in 1993, Samfine Creation reported sales of $14 million for the twelve months ending on June 30, 2023. The company plans to list on the Nasdaq under the ticker symbol SFHG. The company had previously confidentially submitted its application on June 1, 2022. Revere Securities is the sole bookrunner for this transaction.