Cafe Deco Group, which operates restaurants and bakeries in Hong Kong and Australia, submitted an application to the U.S. Securities and Exchange Commission (SEC) on Monday for an initial public offering aiming to raise up to $13 million. The Hong Kong-based company plans to issue 1.8 million shares within a price range of $6 to $8 per share to secure the $13 million in funding. Based on the midpoint of the proposed offering range, the market valuation of The Peak Cafe Group would reach $153 million.
Deco is a dining group operating 45 restaurants in Hong Kong and Sydney, Australia, featuring a portfolio of self-owned brands and licensed international brands (such as Chatime and Duan Chun Zhen), offering a variety of casual dining options. Its business model is vertically integrated, encompassing a food processing division, Food Square, which supplies approximately 400 food service outlets, and a bakery division, Baker & Patissier, which supplies around 350 stores in Hong Kong and Macau.
Founded in 1998, the company reported revenue of $108 million for the twelve months ended March 31, 2025. The company has not yet selected a specific exchange or stock ticker symbol for its listing. Kingswood Capital Markets is the sole bookrunner for the transaction.
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