Hong Kong restaurant group Cafe Deco Group applies for US stock IPO to raise US$13 million

The Zhitong Finance App learned that Cafe Deco Group, which operates restaurants and bakery businesses in Hong Kong and Australia, submitted an application to the US Securities and Exchange Commission (SEC) on Monday to raise up to 13 million US dollars through an IPO.

The Hong Kong-based company plans to raise $13 million by issuing 1.8 million shares at an issue price range of $6 to $8 per share. Based on the median value of the proposed distribution range, Peak View Restaurant Group's market value would reach $153 million.

Deco is a restaurant group that operates 45 restaurants in Hong Kong and Sydney, Australia. It has its own brands and authorized international brands (such as Sunrise Tea and Duan Chunzhen), providing a range of casual dining options. Its business model is vertically integrated, including the food processing division Food Square (supplying approximately 400 food service stores) and the bakery division Baker & Patissier (supplying approximately 350 stores in Hong Kong and Macau).

The company was founded in 1998, and in the 12 months ended March 31, 2025, its revenue was US$108 million. The company has not selected an exchange or stock symbol. Kingswood Capital Markets was the sole bookkeeper for the transaction.