Building DreamStar Technology Inc, a co-working space solutions provider, has filed Form F-1 Registration Statement on February 25, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $25 million by offering 4.6 million shares at a price range of $5 to $6. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $223 million.
The company provides customers with a wide selection of ancillary services, such as access to conference rooms, printing services, high-speed internet, reception services, facilities and amenities maintenance, and social events, and value-added services, such as business consultation, business education, internal policy consultation, legal services, and tax services.
The Shenzhen, China-based company was founded in 2016 and booked $27 million in revenue for the 12 months ended June 30, 2020. It plans to list on the Nasdaq Capital Market under the symbol “BDS.” Univest Securities is the underwriter of the IPO.
The company engages Hunter Taubman Fischer & Li LLC as US Securities Counsel, and MaloneBailey, LLP as Independent Auditor.
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