DLHZ.US prices IPO at $4-$6/share, raising up to $8M.

Continental International Group (DLHZ.US) filed a document with the U.S. Securities and Exchange Commission (SEC) on Tuesday (February 25), planning to raise up to $8 million through an initial public offering (IPO). According to the prospectus, Continental International Group plans to issue 1.5 million shares at a price range of $4 to $6 per share, raising $8 million. At the midpoint of the proposed range, the company's market value would be $98 million.

Continental International Group is a company that provides property management services and real estate leasing in China, headquartered in Chengdu. The company was founded in 2002 and filed a confidential IPO application with the U.S. Securities and Exchange Commission on November 21, 2022.

Moreover, the main sources of revenue for Continental International Group include property management services, commercial operation services, real estate leasing, and other community value-added services. The Company's revenue for the twelve months ended September 30, 2024 was $6 million. The Company plans to list on the Nasdaq under the symbol DLHZ. Revere Securities is the sole bookrunner for the transaction.