Hong Kong mortgage brokerage service company FG Holdings (FGO.US) increased its IPO size and priced at $4 per share.

Hong Kong company FG Holdings (FGO.US), which focuses on providing mortgage brokerage services, has increased the proposed transaction size for its upcoming IPO. The company, headquartered in Hong Kong, currently plans to issue 3.8 million shares at a proposed price of $4 per share, raising $15 million. The company had previously applied to issue 2 million shares at a price range of $4 to $5. With the revised transaction size, FG Holdings will raise funds increased by 67% compared to previous expectations, with a market value of $135 million (a decrease of 6% from the previous terms). Through its operating subsidiaries, FG Holdings provides a financial technology platform for private credit mortgage and bank mortgage brokerage services. The company offers mortgage loan application simulations for borrowers, as well as various mortgage loan schemes from different lending institutions to assist them in matching the best loan options and connecting them with potential suitable lenders. From its establishment to June 30, 2025, FG Holdings has facilitated over $1.3 billion in loans to 711 borrowers. Founded in 2019, FG Holdings recorded $3 million in revenue in the 12 months leading up to June 30, 2025. The company plans to list on the Nasdaq under the ticker symbol FGO. D. Boral Capital and uSmart Securities are the joint bookrunners for this transaction.