Group 1: TDE Group - TDE Group, an education service provider based in Hong Kong, has filed for an IPO in the US, aiming to raise up to $7 million [2] - The company plans to issue 1.25 million shares at a price range of $5 to $6, with a proposed valuation of $138 million based on the midpoint of the price range [2] - TDE Group offers various STEAM education services through its subsidiary Trumptech Digital Education Services, generating revenue from events, training courses, hardware, classroom setup services, software licenses, and non-STEAM educational consulting [2] - Founded in 1996, TDE Group reported sales of $4 million for the 12 months ending February 28, 2025, and plans to list on NASDAQ under the ticker TTEI [2] - WallachBeth Capital is the sole bookrunner for this transaction [2] Group 2: Billion Group - Billion Group, a high-end food distributor based in Hong Kong, has submitted an IPO application in the US, seeking to raise up to $8 million [3] - The company intends to issue 1.6 million shares at a price range of $4 to $6, with a proposed market capitalization of $100 million based on the midpoint of the price range [3] - Billion Group supplies premium and scarce high-end food products, including frozen foods (60% of revenue), fine wines and spirits (24%), high-end seafood (15%), and other food items (1%) [3] - Established in 2015, Billion Group reported revenue of $7 million for the 12 months ending December 31, 2024, and plans to list on NASDAQ under the ticker BGHL [3] - US Trust Investment Services is the sole bookrunner for this transaction [3]

Group 1 - Billion Group Holdings Limited, a high-end food distributor based in Hong Kong, submitted an IPO application to the U.S. Securities and Exchange Commission, aiming to raise up to $8 million through the offering [1] - The company plans to issue 1.6 million shares at a price range of $4 to $6 per share, which would result in a market capitalization of $100 million if priced at the midpoint of $5 [1] - Billion Group was established on May 6, 2023, in the Cayman Islands and operates through its wholly-owned subsidiary, Billion Enterprise International Limited, in Hong Kong [1] Group 2 - The company primarily supplies high-quality, scarce products to Hong Kong's restaurant distributors and luxury retail channels, with frozen foods accounting for 60% of its revenue, premium wines and spirits for 24%, high-end seafood for 15%, and other foods for 1% [1] - For the 12 months ending December 31, 2024, the company reported revenue of $7 million [1] - Billion Group plans to list on NASDAQ under the ticker symbol BGHL, with U.S. Trust Investment Services acting as the sole bookrunner for the transaction [1]