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PMAX IPO News – Hong Kong financial communications company Powell Max files and sets terms for $8 million U.S. IPO
Powell Max, which provides financial communications services in Hong Kong, filed on Friday with the SEC to raise up to $8 million in an initial public offering.
The Hong Kong-based company plans to raise $8 million by offering 1.7 million shares at a price between $4 and $6. At the midpoint of the proposed range, Powell Max would have a market value of $71 million .
Powell Max provides financial communications services that support capital markets compliance and transaction needs for corporate clients and their advisors in Hong Kong. Its services encompass a full range of financial printing, corporate reporting, communications and language support services, from inception to completion. The company’s clients are domestic and international companies listed on the Hong Kong Stock Exchange, as well as companies wishing to be listed in Hong Kong and their consultants.
Powell Max was founded in 2019 and reported revenue of $6 million in the 12 months ending December 31, 2023. It plans to list on the Nasdaq under the ticker symbol Max Peak Campaign. The company filed confidentially on March 19, 2024. Revere Securities is the sole bookrunner on the deal.