Hong Kong construction company Grand Excel Engineering Limited (GDEL.US) plans to price its IPO at $4-5 per share, aiming to raise $17 million.

According to the Financial Channel APP, Hong Kong construction company Global Development Engineering submitted an IPO application to the US Securities and Exchange Commission (SEC) on Tuesday, planning to issue 3.8 million shares at a price range of $4 to $5 per share, raising $17 million. Based on the midpoint of the proposed price range, the company's market value will reach $90 million.