Hong Kong-based corporate finance provider RNBW (US) sets IPO price at $4-$5/share, aiming to raise $6mn.

Rainbow Capital Holdings, a Hong Kong-based company that specializes in corporate financing services, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) on Friday, aiming to raise up to $6 million. The company plans to issue 1.4 million shares at a price range of $4-$5 each.

Founded in 2019, Rainbow Capital Holdings has established itself as one of the most active financial advisors in Hong Kong, with extensive experience in mergers and acquisitions, rights issues, privatizations, corporate spin-offs, asset and equity sales, continuous connected transactions, connected transactions, compliance consulting, and IPO services.

According to Frost & Sullivan, Rainbow Capital Holdings consistently ranked among the top five service providers in Hong Kong in terms of the number of corporate financing services from 2022 to 2024. Specifically, it ranked second as a financial advisor in terms of the number of completed transactions in acquisition transactions, second as a one-time financial advisor for Hong Kong-listed companies, fourth as an independent financial advisor for transactions related to the listing rules and GEM listing rules, fifth as an independent financial advisor for transactions related to the Takeover Code, and fourth as a compliance advisor.