Hong Kong-based IPO advisory service provider Starrygazey files and sets terms for a $17 million US IPO
IPO Overview
Starrygazey, a Hong Kong-based provider of IPO and ESG advisory services, filed on Friday with the SEC to raise up to $17 million in an initial public offering.
The Hong Kong, China-based company plans to raise $17 million by offering 3.8 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Starrygazey would command a market cap of $106 million.
Through its wholly-owned subsidiaries, ARMCL and ICEDL, the company provides pre-IPO advisory services, IPO advisory services, post-IPO advisory services, and ESG advisory services. Starrygazey primarily serves small and medium-sized businesses. During the two years ended June 30, 2025, its primary subsidiary, ARMCL, had 3, 2, and 4 client engagements for pre-IPO advisory services, IPO advisory services, and post-IPO advisory services, respectively.
The Hong Kong, China-based company was founded in 2018 and plans to list on the Nasdaq under the symbol MARH. Starrygazey filed confidentially on September 19, 2025. Pacific Century Securities is the sole bookrunner on the deal.
About the Company
We are a holding company incorporated in the BVI with all of our operations conducted in Hong Kong by our wholly-owned subsidiaries, ARMCL and ICEDL. ARMCL provides going public corporate consultancy services, including （i） Pre-IPO advisory services, （ii） IPO advisory services, and （iii） Post-IPO advisory services, to small and medium-sized businesses. On September 10, 2025, we acquired 100% of the equity interests of ICEDL to further expand our service portfolio into Environmental, Social, and Governance （“ESG”） advisory services. Since our inception, our revenues were mainly generated from services provided by ARMCL. ARMCL focuses on assisting small to medium-sized corporations by providing “one-stop solutions” in going public corporate consultancy services. ARMCL has a team of qualified and experienced professionals with solid background in accounting, corporate finance and pre-IPO advisory for the Hong Kong and U.S. capital markets and holds recognized professional qualifications.