SIBO.HK Files US IPO Application, Seeking to Raise $70 Million

We have learned from Zhi Tong Finance APP that Sibo Holding, a Hong Kong-based investment bank and financial services provider, submitted an IPO application to the United States Securities and Exchange Commission (SEC) on Tuesday, planning to raise up to $70 million.

The company pointed out that through its subsidiary StormHarbour HK, it has raised over $900 million in funds for clients over the past three years through various transactions such as loans and equity sales. The income of StormHarbour HK mainly comes from service fees and commissions, including brokerage commission fees.

StormHarbour HK divides its business into two departments: Capital Markets, focusing on private equity, private debt financing, and financial advisory services; Asset Management, offering fund management, investment solutions, wealth management, and private banking account consulting services.

The company's history can be traced back to the establishment of its subsidiary in 2009. As of December 31, 2024, the company's revenue was $7 million. The company plans to list on the Nasdaq, with a stock code of SIBO. Sibo Holding filed the application secretly on March 25, 2025. R.F. Lafferty is the sole bookrunner for this transaction.