Hang Feng Technology Innovation Co., Ltd. Announces Pricing of Initial Public Offering
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.
Hang Feng Technology Innovation (NASDAQ:FOFO), una società con sede a Hong Kong che offre servizi di consulenza gestionale aziendale e gestione patrimoniale, ha annunciato il prezzo della sua offerta pubblica iniziale. La società propone 1,375,000 azioni ordinarie a US$4,0 per azione, prevedendo di raccogliere US$5,5 milioni lordi.
Le negoziazioni inizieranno il 12 settembre 2025, sul Nasdaq Capital Market con il simbolo “FOFO”. Gli underwriter hanno un’opzione di 45 giorni per acquistare ulteriori 206.250 azioni ordinarie. I proventi dell’IPO saranno utilizzati per rafforzare l’attività di consulenza, sviluppare le operazioni di gestione patrimoniale, guidare l’espansione e supportare il capitale circolante.
Hang Feng Technology Innovation (NASDAQ:FOFO), una empresa con sede en Hong Kong que ofrece servicios de consultoría de gestión corporativa y gestión de activos, ha anunciado el precio de su Oferta Pública Inicial. La compañía ofrece 1,375,000 acciones ordinarias a US$4,0 por acción, esperando recaudar US$5,5 millones brutos.
Las operaciones empezarán a cotizar el 12 de septiembre de 2025, en Nasdaq Capital Market bajo el símbolo “FOFO”. Los underwriters tienen una opción de 45 días para comprar 206,250 acciones ordinarias adicionales. Los ingresos de la IPO se utilizarán para fortalecer el negocio de consultoría, desarrollar las operaciones de gestión de activos, impulsar la expansión y apoyar el capital de trabajo.
Hang Feng Technology Innovation (NASDAQ:FOFO), 홍콩에 본사를 둔 기업 관리 컨설팅 및 자산 관리 서비스 제공업체가 기업 공개 가격을 발표했습니다. 회사는 주당 미화 4.00달러에 1,375,000주 보통주를 공모하며, 총 550만 달러의 브로스로 수익를 기대합니다.
거래는 2025년 9월 12일에 Nasdaq Capital Market에서 심볼 “FOFO”로 시작될 예정입니다. 주관사는 45일 간의 초과 발행권을 통해 추가로 206,250주 보통주를 매입할 수 있습니다. IPO 수익은 컨설팅 사업 강화, 자산 관리 운영 개발, 확장 추진 및 운전 자본 지원에 사용될 예정입니다.
Hang Feng Technology Innovation (NASDAQ:FOFO), une société basée à Hong Kong qui fournit des services de conseil en gestion d’entreprise et de gestion d’actifs, a annoncé le prix de son introduction en bourse (IPO). La société propose 1 375 000 actions ordinaires à 4,00 US$ par action, espérant lever 5,5 millions de dollars bruts.
Les négociations commenceront le 12 septembre 2025, sur le Nasdaq Capital Market sous le symbole “FOFO”. Les souscripteurs disposent d’une option de 45 jours pour acheter 206 250 actions ordinaires supplémentaires. Le produit de l’IPO sera utilisé pour renforcer l’activité de conseil, développer les opérations de gestion d’actifs, stimuler l’expansion et soutenir le fonds de roulement.
Hang Feng Technology Innovation (NASDAQ:FOFO), eine in Hongkong ansässige Firma, die Unternehmensberatung und Vermögensverwaltungsdienstleistungen anbietet, hat den Preis ihrer Initial Public Offering bekannt gegeben. Das Unternehmen bietet 1.375.000 Stammaktien zu je 4,00 US-Dollar pro Aktie an und erwartet brutto 5,5 Millionen US-Dollar zu erzielen.
Der Handel wird am 12. September 2025 am Nasdaq Capital Market unter dem Symbol „FOFO“ aufgenommen. Die Underwriter haben eine 45-tägige Option, zusätzliche 206.250 Stammaktien zu erwerben. Die IPO-Erlöse sollen genutzt werden, um das Beratungsbusiness zu stärken, Vermögensverwaltungsaktivitäten zu entwickeln, das Wachstum voranzutreiben und das Working Capital zu unterstützen.
Hang Feng Technology Innovation (NASDAQ:FOFO)، شركة مقرها هونغ كونغ تقدم خدمات استشارات إدارة الشركات وإدارة الأصول، أعلنت عن تسعير عرضها الأولي للاكتتاب العام. الشركة تعرض 1,375,000 سهماً عـادياً بسعر 4.00 دولار أمريكي للسهم، وتتوقع أن تجمع إجمالاً 5.5 مليون دولار أمريكي كإيرادات إجمالية.
سيبدأ التداول في 12 سبتمبر 2025 في Nasdaq Capital Market تحت الرمز “FOFO”. لدى المكتتبين خيار شراء 45 يوماً إضافية لشراء 206,250 سهماً عـادياً إضافياً. ستستخدم عائدات IPO لتعزيز أعمال الاستشارات، وتطوير عمليات إدارة الأصول، ودفع التوسع، ودعم رأس المال العامل.
Hang Feng Technology Innovation (NASDAQ:FOFO)，一家总部设在香港的企业管理咨询及资产管理服务提供商，宣布其首次公开募股的定价。公司以每股 4.00 美元发行 1,375,000 股普通股，预计募集总额为 550 万美元（毛额）。
股票将于 2025 年 9 月 12 日在纳斯达克资本市场以代码 “FOFO” 开始交易。承销商有 45 天的认购权，最多可再发行 206,250 股普通股。IPO 收益将用于加强咨询业务、发展资产管理业务、推动扩张以及支持营运资金。
- None.
- Relatively small IPO size indicating limited scale
- Potential dilution from additional shares if underwriter exercises option
Insights
Hang Feng's $5.5M Nasdaq IPO represents a modest capital raise for a Hong Kong-based consulting firm entering public markets with plans to expand service offerings.
Hang Feng Technology Innovation's $5.5 million IPO represents a relatively small capital raise for a Nasdaq listing. The Hong Kong-based consulting firm has priced 1,375,000 ordinary shares at $4.00 each, with trading expected to commence under the symbol "FOFO".
The modest offering size signals a cautious market entry strategy. For context, the median Nasdaq IPO in recent years has typically raised between $100-150 million, placing this deal in the micro-cap category. The underwriter's 45-day option to purchase an additional 206,250 shares could potentially increase proceeds by approximately $825,000 if fully exercised.
The company's disclosed use of proceeds reveals a strategic focus on strengthening its core consulting business while simultaneously developing asset management services – suggesting a planned diversification of revenue streams. The firm commitment underwriting structure (rather than best efforts) indicates some confidence from underwriter Kingswood Capital Partners in the offering's prospects.
Investors should note that Hong Kong-based companies listing on U.S. exchanges often face additional regulatory scrutiny and compliance requirements. The relatively small capital raise may limit the company's ability to execute ambitious growth plans in the competitive consulting and asset management sectors, where established players typically operate with substantial resources.
Hong Kong, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Hang Feng Technology Innovation Co., Ltd. (the “Company” or “Hang Feng”), a Hong Kong-based company providing comprehensive corporate management consulting and asset management services, today announced the pricing of its initial public offering (the “Offering”) of 1,375,000 Ordinary Shares at a public offering price of US
The Company expects to receive aggregate gross proceeds of US
Proceeds from the Offering will be used for: strengthening corporate management consulting business, developing asset management business, driving business expansion and strategic partnerships, and supporting general working capital and operations.
The Offering is being conducted on a firm commitment basis. Kingswood Capital Partners, LLC ("Kingswood") is acting as the underwriter for the Offering. Hunter Taubman Fischer & Li LLC is acting as U.S. counsel to the Company, and VCL Law LLP is acting as U.S. counsel to Kingswood in connection with the Offering.
A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) (File Number: 333-287284), as amended, and was declared effective by the SEC on September 12, 2025. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering, when available, may be obtained from Kingswood by email at lciervo@kingswoodus.com, by standard mail to Kingswood, 7280 W. Palmetto Park Rd., Suite 301, Boca Raton, FL 33433, or by telephone at +1-561-961-0505. In addition, copies of the final prospectus relating to the Offering, when available, may be obtained via the SEC's website at www.sec.gov.
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Hang Feng Technology Innovation Co., Ltd.
Hang Feng Technology Innovation Co., Ltd. is a Hong Kong-based company providing comprehensive corporate management consulting solutions alongside specialized asset management services tailored to diverse client needs. Since 2023, Hang Feng has been offering consulting services and identifying market opportunities through Starchain Investment Trading Limited (“Starchain”), one of the Company’s subsidiaries, to a growing network of clients. Starchain delivers tailored management consulting, including strategic growth insights, performance management reporting, key performance indicator (KPI) advisory, and support in regulatory compliance, risk management, and corporate governance practices. Recognizing client demand for sophisticated asset management solutions, the Company launched asset management services in 2024, introducing structured solutions designed to manage and grow both corporate and individual capital portfolios. For more information, please visit the Company’s website: https://ir.hfintech.io
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
For more information, please contact:
Hang Feng Technology Innovation Co., Ltd.
Investor Relations Department
Email: ir@hfintech.io
Ascent Investors Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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