Hong Kong-based medical and traditional beauty service provider MEDI Group (MEDG.US) submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) last Friday, planning to raise up to $15 million.

According to the prospectus, the company intends to issue 3.3 million shares at a price range of $4 to $5 per share, raising total proceeds of $15 million. Based on the midpoint of the offering price range, MEDI Group would achieve a market capitalization of $136 million.

MEDI Group is a beauty and personal care services company that provides comprehensive beauty and spa services in Hong Kong under the "Doctor's Concept" brand. Its business is divided into two main segments: medical beauty services and conventional beauty services.

The Hong Kong-based company, established in 2004, generated revenue of $6 million in the 12 months ended December 31, 2024. The company plans to list on NASDAQ under the ticker symbol "MEDG," with American Trust Investment Services and WestPark Capital serving as joint book-running managers.