SIBO.US Resubmits US IPO Application, Aims to Raise Up to $15 Million

Stock News
Jan 15

Sibo Holding, a boutique investment bank and financial services provider based in Hong Kong, China, resubmitted its application for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC) on Wednesday, planning to raise up to $15 million. The company initially filed an F-1 prospectus in August 2025 and set preliminary terms later that month. It was noted that Sibo withdrew its original F-1 prospectus earlier on Wednesday. The boutique investment bank currently plans to raise $15 million by offering 15.8 million shares at a price of $4 per share. Based on the proposed deal size, the company would command a market valuation of $63 million. Sibo operates through its subsidiary, StormHarbour HK. Over the past three years, the company has raised over $900 million for clients across various transactions, including loan and equity sales. StormHarbour HK primarily generates revenue from service fees and commissions, including commissions earned as an introducing broker. StormHarbour HK divides its business into two core segments: Capital Markets (focusing on private equity, private debt financing, and financial advisory services) and Asset Management (with key services including fund management, investment solutions, wealth management, and private banking account advisory). Founded in 2009 and headquartered in Hong Kong, China, the company reported revenue of $5 million for the trailing twelve months ended June 30, 2025. Sibo plans to list on the Nasdaq under the ticker symbol "SIBO". The company had confidentially submitted its listing application on March 25, 2025. R.F. Lafferty & Co. is the sole book-running manager for the offering.

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