Student Living Eduvation sees IPO price $4.00-$6.00/share

Student Living Eduvation sees IPO price $4.00-$6.00/share

Student Living EduVation (Holdings) Corp., a Hong Kong-based provider of student accommodation and property management services, has set terms for its initial public offering (IPO), pricing shares at $4 apiece to raise $15 million through the sale of 3.8 million shares. The company, which operates under the Student Living brand, manages five dormitory locations in Hong Kong, offering 143 single-occupancy rooms across properties totaling over 26,500 square feet. These facilities, located near major universities, maintain a 100% occupancy rate, with an average lease duration of one year. Approximately 400 individual customers are served annually, 95% of whom are from mainland China.

For the 12 months ended September 30, 2025, the company reported revenue of $3 million. Founded in 2016, Student Living EduVation also provides education advisory referrals as part of its service portfolio. The IPO, led by sole bookrunner D. Boral Capital, will see the company list on the Nasdaq under the ticker symbol SDLV.

The offering reflects growing demand for specialized student housing in Hong Kong, though investors may note the company's relatively modest revenue scale and reliance on a single market segment. With no additional details disclosed regarding post-IPO growth strategies or competitive differentiation, the IPO presents a focused opportunity in the student accommodation sector.