Starrygazey is a Hong Kong-based advisory firm that helps private companies go public on U.S. exchanges, primarily Nasdaq. Through its subsidiary ARMCL, Starrygazey provides end-to-end support including pre-IPO feasibility studies, IPO execution management, and post-IPO compliance and investor relations services. In FY2025, Starrygazey expanded its offerings by acquiring ICEDL, which provides environmental, social, and governance (ESG) advisory and reporting services. Starrygazey generates revenue through fixed, non-refundable advisory fees paid in milestone-based installments at signing, filing, and closing. Post-IPO services are structured as one-time fees or monthly retainers, providing some recurring revenue. The business model is project-based and currently characterized by high client concentration. A significant portion of Starrygazey's labor has historically been sourced through a secondment arrangement with a related party, Ample Capital, though Starrygazey is transitioning to direct employment. The company’s growth strategy centers on geographic expansion into Asia-Pacific and Middle Eastern markets, such as Singapore, Malaysia, and the UAE, alongside the continued growth of its ESG consulting segment. Starrygazey aims to use its own capital to hire professionals and establish local offices in these new markets to attract regional clients seeking integrated listing support.