Acco Group Holdings Aims to Raise $7 Million in US IPO

Acco Group Holdings, a provider of corporate services, has filed for an initial public offering (IPO) in the United States, aiming to raise $7 million. The company plans to issue 1.4 million shares at a price range of $4 to $6 per share. Based on the midpoint of the proposed price range, Acco Group Holdings' fully diluted market value is estimated to be $69.5 million.

The company, based in China Hong Kong, offers corporate secretarial and accounting services through its operating subsidiaries. Additionally, it provides intellectual property (IP) registration services in Singapore. For the six-month period ending December 31, 2024, the majority of its revenue came from corporate secretarial services. As of the end of 2024, the company had 2,902 active clients in China Hong Kong and 210 active clients in Singapore.

Acco Group Holdings was founded in 2009 and intends to list on the Nasdaq under the ticker symbol "ACCL." The company confidentially submitted its application on December 5, 2024. Revere Securities is the exclusive underwriter for this transaction.

This move by Acco Group Holdings to go public in the United States is a strategic decision to expand its capital base and gain access to a broader investor pool. The funds raised from the IPO will likely be used to support the company's growth initiatives, including expanding its service offerings and entering new markets. The company's focus on corporate secretarial and accounting services, as well as IP registration, positions it well to capitalize on the growing demand for these services in the region.

The IPO process involves several steps, including the submission of the necessary documentation to the U.S. Securities and Exchange Commission (SEC) and the engagement of underwriters to facilitate the sale of shares to investors. The company's decision to confidentially submit its application allows it to maintain a level of privacy during the initial stages of the process, providing flexibility in terms of timing and market conditions.

As Acco Group Holdings prepares for its IPO, it will be important for the company to effectively communicate its value proposition to potential investors. The company's track record of providing high-quality services to a diverse client base, along with its strategic focus on growth, will be key factors in attracting investor interest. The successful completion of the IPO will not only provide Acco Group Holdings with the necessary capital to pursue its growth objectives but also enhance its visibility and credibility in the market.