RSHL Inc., an education services company based in Hong Kong, has increased the size of its IPO, now aiming to raise US$7 million.

Rise Smart Group Holdings, a company that assists Hong Kong students in pursuing overseas higher education, has increased the proposed size of its upcoming initial public offering (IPO) last Friday. The company now plans to issue 1.8 million shares at $4 each, raising $7.2 million. Previously, the company planned to issue 1.3 million shares at $4-$6 each, raising $6 million. The company plans to list on the Nasdaq under the ticker "RSHL".

Rise Smart Group Holdings was established in 2006 and offers secondary and higher education services to local students interested in pursuing their studies in the UK, Australia, Canada, and New Zealand through its Hong Kong operating subsidiary. The company's services primarily include overseas study consulting services for Hong Kong students, but also offers value-added services such as tutoring and visa consulting services. The company's revenue for the 12 months ended June 30, 2024 was US$3 million.