Hong Kong student dormitory operator Student Living EduVation (SDLV.US) has priced its IPO at $4 per share, aiming to raise $15 million.

Student Living EduVation, which provides hostel accommodation services for Hong Kong students, announced the terms of its initial public offering (IPO) on Tuesday. The company, based in Hong Kong, plans to issue 3.8 million shares at a price of $4 per share, raising $15 million. The company plans to list on Nasdaq under the stock code "SDLV". Founded in 2016, Student Living EduVation operates under the brand "Student Living", providing student accommodation and property management services, as well as education consulting and referral services. Currently, the company manages five hostel properties in Hong Kong, with a total area of over 26,500 square feet, serving approximately 400 individual clients each year, 95% of whom are from mainland China. The overall occupancy rate of the properties remains at 100%, with hostels located near major universities, offering a total of 143 rooms, primarily single rooms, with an average rental period of one year. Data shows that the company achieved revenue of $3 million in the 12 months ending September 30, 2025.