Hong Kong student dormitory supplier Huisheng applied for a US stock IPO to raise US$29 million

Zhitong Finance App learned that Hong Kong student dormitory accommodation provider Student Living eDiscovery Technology Co., Ltd. submitted documents to the US Securities and Exchange Commission on Tuesday and plans to raise up to 29 million US dollars through an initial public offering.

The company operates student accommodation and property management services under the “Study House” brand, and also provides referral services for educational consultants. It manages five dormitory locations in Hong Kong, with a total area of over 26,500 square feet, and serves around 400 individual clients each year, 95% of which are from mainland China. All of the company's facilities maintain a 100% occupancy rate, and are located close to major universities. A total of 143 rooms (mostly single rooms) are provided, and the average rental period for customers is one year.

The Hong Kong-based company was founded in 2016 and had revenue of US$2 million for the 12 months ending March 31, 2025. The company plans to list on NASDAQ, but the stock code (temporary code: SLED.RC) has not been selected. D.Boral Capital is the sole bookkeeper for this transaction. The company has yet to disclose pricing terms.