Hong Kong catering operator CSC Collective (CSC.US) prices IPO at $4-5 per share, aiming to raise $7 million.

Zhitong Finance and Economics APP learned that CSC Collective Holdings, which operates two high-end Japanese restaurants in Hong Kong, submitted its initial public offering (IPO) application to the Securities and Exchange Commission of the United States on Monday. The Hong Kong-based company plans to issue 1.5 million shares of stock at a price range of $4 to $5 per share, raising $7 million. Based on the proposed price range, the market value of CSC Collective Holdings will reach $70 million.