CALM Chain, a Hong Kong-based human resources solutions firm, filed an F-1 to list its Class A ordinary shares on the Nasdaq Capital Market under the symbol "CCIL." The IPO includes 2,000,000 new shares by the company and 1,000,000 shares by selling shareholders, with an expected price range of $5.00 to $7.00 per share. The company plans to use proceeds to expand in Asia Pacific, invest in AI-enabled operations, and for general working capital.
Business Description
CALM Chain is a Hong Kong-headquartered human resources solutions provider operating through its subsidiary, TalentQuest HR Limited. The company offers three core services: Employer of Record (EoR) and HR outsourcing (acting as the legal employer while clients oversee day-to-day work), executive search on a contingency basis, and HR research focused on market-entry workforce requirements, compensation, benefits, visas, and compliance. CALM Chain primarily serves multinational banks, governmental organizations, and corporates across finance, construction, IT and digital sectors, and SMEs.
In fiscal 2025, the company generated $7.99 million in revenue, led by EoR and HR outsourcing ($6.15 million), executive search ($0.71 million), and HR research ($1.12 million). The model emphasizes compliant employment administration (payroll, MPF, benefits), quick talent deployment, and high-touch search and onboarding support. CALM Chain highlights long-standing relationships, a curated candidate database, and industry awards as differentiators. The company plans to invest in third-party AI tools to automate candidate screening, onboarding, and data processes, and to expand into Asia Pacific markets while offering AI training programs for candidates and client staff.
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Original SEC Filing: CALM Chain International Ltd – F-1 – Feb. 10, 2026
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