Hong Kong student dorm provider Student Living EduVation files for a $29 million US IPO
February 18, 2026 News
Hong Kong student dorm provider Student Living EduVation sets terms for $15 million US IPO
Student Living EduVation, which provides student dormitory accommodations in Hong Kong, announced terms for its IPO on Tuesday.
The Hong Kong, China-based company plans to raise $15 million by offering 3.8 million shares at a price of $4.
IPO Overview
Student Living EduVation, which provides student dormitory accommodations in Hong Kong, filed on Tuesday with the SEC to raise up to $29 million in an initial public offering.
The company operates as a provider of student accommodation and property management services under the Student Living brand, alongside referral services for education advisory. It manages five dormitory locations in Hong Kong with a total area exceeding 26,500 square feet, serving approximately 400 individual customers annually, with 95% of them from mainland China. The company maintains a 100% occupancy rate across its facilities, which are strategically positioned near major universities, and offers 143 rooms, mostly single units, with an average customer lease period of one year.
The Hong Kong-based company was founded in 2016 and booked $2 million in revenue for the 12 months ended March 31, 2025. It plans to list on the Nasdaq but has not yet selected a ticker （RC ticker: SLED.RC）。 D. Boral Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
Company Overview
We are a Cayman Islands exempted company with limited liability with a principal place of business in Hong Kong through our wholly-owned subsidiary, Student Living （Hong Kong） Culture Technology Limited. We are a student living and referral of education advisory services provider operating under the “Student Living” brand in Hong Kong. Our mission is to transform student dormitories into incubators for learning, collaboration, and self-discovery, as well as fostering an ecosystem that nurtures future global talent, providing more than just a place to live. We believe our competitive strengths lie in the following and that our business model has several competitive strengths that distinguish us from other student housing providers in Hong Kong: We believe our one-stop-shop solution, which combines student dormitory accommodation with referral of education advisory services. We believe this integrated approach allows us to address multiple needs of students and their families in a single platform, enhancing convenience and creating cross-selling opportunities between housing and referral services. Our dormitories are located near major universities in Hong Kong, which we believe makes them highly attractive to non-local students seeking affordable and accessible housing. Proximity to those major universities reduces commuting time and costs, adding significant value for our customers.