Hong Kong building maintenance and renovation service provider Grand Engineering applies for listing in the United States, intending to raise $28 million.

Hong Kong-based building maintenance and renovation service provider Worldstar Engineering Holdings has applied to the US Securities and Exchange Commission (SEC) to raise up to 28 million US dollars through an IPO. The company plans to offer 5 million shares at a price range of 5 to 6 US dollars per share to raise 28 million US dollars. Based on the midpoint of the proposed price range, Worldstar Engineering Holdings will have a market value of 138 million US dollars. Worldstar Engineering Holdings operates through its Hong Kong subsidiary WEHK, which provides renovation, maintenance, alteration, and addition (RMAA) services, as well as painting and interior decoration projects throughout Hong Kong. While the company's projects cover both public and private sectors, historically, the majority of its revenue has come from a single major customer a registered general building contractor that frequently acts as the main contractor for public and private projects in Hong Kong. Founded in Hong Kong in 1999, the company achieved revenues of 25 million US dollars in the 12 months ending on September 30, 2025. The company plans to list on Nasdaq, although a stock symbol has not yet been selected. Stratosphere Capital is the exclusive bookrunner for this transaction.