Hong Kong consulting firm Zi Yun Dong Fang doubles shares offered ahead of $15 million US IPO
IPO Overview
Zi Yun Dong Fang, a Hong Kong-based provider of cross-border investment feasibility and support services, raised the proposed deal size for its upcoming IPO on Friday.
The Hong Kong, China-based company now plans to raise $15 million by offering 3 million shares at a price range of $4 to $6. The company had previously filed to offer 1.5 million shares at the same range. At the midpoint of the revised deal size, Zi Yun Dong Fang will raise 100% more in proceeds than previously anticipated.
Through its operating subsidiary Ziyun Oriental, the company provides advisory and consulting services focused on assessing and researching the feasibility of investments in Southeast Asia, particularly Vietnam. The company aims to provide one-stop cross-border enterprise service solutions and overseas landing services for Southeast Asian enterprises.
Zi Yun Dong Fang was founded in 2021 and plans to list on the Nasdaq under the symbol YLY. Cathay Securities and Revere Securities are the joint bookrunners on the deal.
About the Company
Ziyun Oriental is an advisory and consulting company that focuses on assessing and researching the feasibility of investments in Southeast Asia, Vietnam in particular. We aim to provide one-stop cross-border enterprise service solutions and overseas landing services. The mission is to provide customers with comprehensive information solutions and achieve sustainable development through innovative technology and high-quality services, aiming to provide one-stop cross-border landing solutions for “going global” of Chinese enterprises and “coming in” for overseas enterprises. Ziyun Oriental aims to achieve this through its offering of business feasibility report, site visiting services and corporate support services to help customers achieve maximum business value. Ziyun Oriental has built a comprehensive chain service system that includes market research, investment planning, firm setup, and administrative support, with service core around the fundamental values of “Professional Leadership and Attentive Service”。 Ziyun Oriental’s business approach places strong emphasis on adaptability and customization so as to satisfy the unique requirements of a range of clients while offering simplified solutions so businesses can operate internationally.