Hong Kong construction subcontractor Yi Feng Holdings (YIFE.US) files for U.S. stock listing, aiming to raise up to $19 million in IPO.

Hong Kong construction subcontractor Yi Feng Holdings (YIFE.US) officially submitted documents to the U.S. Securities and Exchange Commission (SEC) last Friday, planning to raise up to $19 million through an initial public offering. The Hong Kong-based company plans to issue 3.8 million shares of stock at a price of $4 to $6 per share. Based on the midpoint of the offering price range, its corresponding market value is approximately $88 million. The company focuses on the Hong Kong construction engineering market, primarily providing civil engineering construction services and steel cutting services necessary for the removal of temporary steel structures on construction sites, and generating additional income through the sale of steel recovered from its cutting projects. Its projects cover both public and private sectors in Hong Kong, including residential buildings, commercial developments, public housing, government buildings, schools, hospitals, and transportation infrastructure. Yi Feng Holdings was established in 2022 and plans to list on the NYSE American under the ticker symbol "YIFE." The company had submitted a confidential application on August 29, 2025. The exclusive book manager for this offering is Guotai Securities.