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Tino Group files for $29M US IPO targeting NYSE American or NASDAQ
A Hong Kong-based immigration consulting firm with $3 million in annual revenue wants to raise nearly ten times that amount through a public listing.
Tino Group Ltd, a Hong Kong-based immigration promotion and consulting company, has filed for a $29 million initial public offering in the United States. The company is targeting a listing on either the NYSE American or NASDAQ.
The filing, dated June 12, 2026, puts Tino Group in an interesting position. It’s a modest services firm seeking public market capital at a scale that dwarfs its current revenue base. The company reported approximately $3.07 million in revenue for fiscal year 2025, meaning it’s looking to raise roughly 9.4 times its annual top line in a single offering.
The numbers behind the filing
Tino Group’s FY2025 revenue of $3.07 million positions it as a niche player in the immigration consulting space. A company generating roughly $3 million annually seeking a $29 million capital infusion needs a very compelling story about what it plans to do with that money.
Revere Securities LLC is serving as the underwriter for the offering.
The target exchanges, NYSE American and NASDAQ, both cater to companies of this size. NYSE American, formerly known as the American Stock Exchange, specifically positions itself as a home for growth-stage companies.
Immigration consulting meets public markets
The Hong Kong base adds another dimension. Immigration consulting firms operating out of major Asian financial hubs serve a specific clientele, often individuals and families looking to relocate to countries with favorable immigration policies.
Tino Group is a traditional services business seeking traditional capital markets access. Available sources indicate that the company does not have any direct affiliations with the cryptocurrency or blockchain sectors.
What this means for investors
The math on this IPO raises questions that prospective investors need to think through carefully. A company with $3.07 million in revenue seeking $29 million in capital implies either significant expansion plans or a valuation that prices in substantial future growth.
Micro-cap IPOs from international companies listing in the US carry a specific set of risks that seasoned investors know well. Regulatory differences between home markets and US reporting requirements, currency exposure, and the challenge of building a US investor base from scratch all factor into the equation.