Epsium Enterprise, a Macau-based liquor importer and retailer, filed on Friday with the SEC to raise up to $10 million in an initial public offering.
Through its operating subsidiary Luz, Epsium imports and wholesales beverages in Macau. The company primarily sells alcoholic beverages, although it did also sell a small amount of non-alcoholic tea and fruit juice. The three main alcoholic beverages Epsium sells are Chinese liquors, French cognac, and Scottish whiskey, the three of which account for nearly all of its sales.
The Macau, China-based company was founded in 2010 and booked $29 million in sales for the 12 months ended June 30, 2023. It plans to list on the Nasdaq under the symbol EPSM. Epsium Enterprise filed confidentially on September 27, 2021. Network 1 Financial Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
