Lumina Capital · Hong Kong
Should you take your company public?
Most founders assume listing isn't for them. They're often wrong. I help you find out — and walk with you from restructuring to listing day.
SFC Type 6 Licensed · IPOs, M&As & Restructurings · US$500M+ Deal Value · Now Accepting Q3 2026
Most founders who dismiss going public are making that decision based on assumptions that aren't accurate
They assume their company is too small. They assume it costs more than it does. They assume the whole company has to be listed. Most of the time, they're wrong on all three counts.
The US and Hong Kong are the world's top two IPO markets — and the entry points are more accessible than most founders realize. NASDAQ's Capital Market tier requires approximately US$750K in net income. That's a single profitable business unit, not a billion-dollar enterprise.
What most founders don't know: you don't have to list your entire company. A carve-out takes one business unit and structures it as a standalone listing vehicle. A roll-up consolidates multiple smaller businesses into one. Both strategies change who qualifies — and how.
The question isn't whether listing is good or bad. It's whether it's right for where your business is now and where you want it to go. That's what the strategy call is for.
Advisory Services
End-to-end IPO advisory
From restructuring to listing day. One advisor. Milestone-based fees.
Listing strategy
Full listing, carve-out, or roll-up — identifying the right path based on your business structure, financials, and goals.
Corporate restructuring
Building the shareholding structure, deciding what stays in the parent vs. the listing vehicle, and ensuring regulatory compliance across jurisdictions.
Financial engineering
Ensuring the carved-out or consolidated entity meets target exchange financial thresholds — audit-ready, compliant, and positioned for approval.
Investable narrative
Making the business story compelling to public market investors. The "sexy factor" that goes beyond meeting minimum requirements.
Investor sourcing
For founders who need it: sourcing pre-IPO and listing investors through relationships built over a decade of cross-border deal work.
Professional party coordination
Sourcing and managing the full team: lawyers, auditors, sponsors, underwriters. One point of coordination through to listing.
Milestone-based fees aligned with deal progression. You pay as the deal moves forward, not upfront. Specific terms discussed during the assessment call.
Who this is for
→Founder-operators with profitable businesses ($2M+ net profit) — You built this yourself. No silver spoon, no corporate backing. Capital markets might feel far from where you started, but the ambition is there — and the numbers might be closer to qualifying than you think.
→Self-made founders exploring whether listing is right — You haven't decided yet. You're exploring. You want an honest conversation about what's possible, not a sales pitch from someone who needs your mandate fee.
→Companies considering NASDAQ or HKEX listing in the next 12–36 months — You're thinking ahead, not scrambling. The founders who engage an advisor early — before they think they're ready — almost always have a smoother, faster, and less expensive process.
→Businesses that may qualify through a carve-out or roll-up — Your parent company might seem too small for an IPO. But a single profitable business unit generating $750K+ in net income could qualify on its own. That's the conversation most founders have never had.
Start with a paid diagnostic
The IPO Path Assessment
Thirty days. A written verdict on whether your company is ready to list — and the next move spelled out. US$2,500, fully creditable toward continuation.
The founders who engage early
get the smoothest path to listing.
30 minutes. No pitch. Just clarity on whether listing is right for you.
Accepting 4 new founders this quarter
How it works
A free conversation, a written verdict, then the work. No elaborate funnel.
Step 01 · Free
Discovery call
Thirty minutes, video. You talk about the business. I give you an honest initial read on whether listing is worth exploring — and which structuring approach might fit. Free.
Outcome: Clarity on whether it's worth the next step.
Step 02 · US$2,500
The IPO Path Assessment
A 30-day paid sprint. ExitPro access, a two-week deep review, a 90-minute working call, then your Listing Path Memo — 8 to 12 pages within 14 days. Fully creditable.
Outcome: A written verdict on whether you should list, and the next move spelled out.
Start the assessment →Step 03 · Continuation
Advisory mandate
If the memo points to a path, we structure the work — a 90-Day Engagement or a full mandate. Milestone-based fees. Your US$2,500 credits in full toward either, within 60 days.
Outcome: Your company on the path to public markets.
Ready to have the conversation?
A 30-minute strategy call to discuss your business, your numbers, and whether a listing path makes sense for where you are now. No pitch. No pressure. Just clarity.
Type 6 Licensed · 60+ Transactions · US$500M+ Deal Value