I Bella Perfect (IBP) said Wednesday that it has filed to sell 3.75 million Class A shares in an initial public offering at an expected price range of $4 to $6 per share, according to an amended Form F-1 filed with the US Securities and Exchange Commission.

The Malaysian aesthetic medical clinics operator said it has applied to list its shares on the Nasdaq Stock Market under the ticker symbol "IBL."

The company said it has granted underwriters a 45-day option to buy up to 15% of the shares sold in the offering.

Based on an assumed IPO price of $4 per share, I Bella Perfect estimates net proceeds of about $12.6 million, or $14.7 million if the over-allotment option is fully exercised.

I Bella Perfect said it plans to use the proceeds to establish new clinics, fund marketing expenses, purchase medical equipment and support working capital and general corporate purposes, including hiring additional staff.