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Hang Feng Technology Innovation (NASDAQ:FOFO), a Hong Kong-based corporate management consulting and asset management services provider, announced the full exercise of the underwriters' over-allotment option in its IPO. The underwriters purchased an additional 206,250 ordinary shares at $4.00 per share.
The total gross proceeds from the IPO, including the over-allotment, amounted to $6,325,000. Trading of FOFO shares began on the Nasdaq Capital Market on September 12, 2025. The company plans to use the proceeds for strengthening its consulting business, developing asset management operations, driving business expansion, and supporting working capital needs.
Hang Feng Technology Innovation (NASDAQ:FOFO), a Hong Kong-based corporate management consulting and asset management services provider, has successfully completed its Initial Public Offering (IPO). The company offered 1,375,000 ordinary shares at $4.00 per share, raising gross proceeds of $5.5 million.
Trading commenced on the Nasdaq Capital Market on September 12, 2025 under the symbol "FOFO". The underwriters have a 45-day option to purchase an additional 206,250 shares. The proceeds will fund the strengthening of their consulting business, asset management development, business expansion, and working capital.
Hang Feng Technology Innovation (NASDAQ:FOFO), a Hong Kong-based corporate management consulting and asset management services provider, has announced the pricing of its initial public offering. The company is offering 1,375,000 Ordinary Shares at US$4.0 per share, expecting to raise gross proceeds of US$5.5 million.
Trading will commence on September 12, 2025, on the Nasdaq Capital Market under the symbol "FOFO". The underwriters have a 45-day option to purchase an additional 206,250 ordinary shares. The IPO proceeds will be used for strengthening consulting business, developing asset management operations, driving expansion, and supporting working capital.