E-Silkroad.net Holdings plans to raise between HK$20 million and HK$37.5 million through a Growth Enterprise Market listing early next month, according to sources.
They said the locally based company, which designs Web sites and provides online marketing services to exporting manufacturers, planned to sell 100 million to 150 million new shares, at 20 HK cents to 25 HK cents each. All shares will be placed to institutional investors.
Managing director Thomas Ho would not comment on listing details, but said it was in the final stages of preparation.
The company had signed up about 1,000 businesses to use its services, including the design of corporate Web sites and posting of product information on online search engines and trading Web sites, he said. The company also operates virtual trade exhibitions, featuring eight manufacturing industries.
Mr Ho would not reveal the proportion of paying customers, or the company's financial track record, saying only that it charges each customer fixed fees ranging from HK$30,000 to more than HK$200,000 for Web-site design and online exhibitions.
Sources said it had about 100 paying customers and posted HK$2 million in turnover for the first 10 months last year.