Hong Kong student dormitory operator Student Living EduVation (SDLV.US) increased its fundraising size by 25% to $19 million. IPO pricing is set at $4-6 per share.

Student Living EduVation, which provides accommodation services for Hong Kong students, revised the terms of its upcoming initial public offering (IPO) last Friday. The company, headquartered in Hong Kong, plans to issue 3.8 million shares at a price of $4-6 per share, raising $19 million, a 25% increase from the initial target of $15 million. The company plans to list on Nasdaq under the stock symbol "SDLV". Founded in 2016, Student Living EduVation operates under the "Student Living" brand, providing student accommodation and property management services, as well as education consulting and referral services. Currently, the company manages five dormitory properties in Hong Kong with a total area of over 26,500 square feet, serving approximately 400 individual clients annually, with 95% coming from mainland China. The overall occupancy rate of the properties is maintained at 100%, and the dormitories are 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 generated revenue of $3 million in the 12 months ending September 30, 2025.