Hong Kong civil subcontractor Gold Wing Fung Engineering (KWF.US) IPO scale increased by 88% planned to raise $15 million.

The Hong Kong civil engineering subcontractor KWF Group Holding, also known as KWF.US, announced an increase in the proposed fundraising scale for its upcoming initial public offering (IPO) on Tuesday. The company now plans to issue 3.8 million shares at a price of $4 per share, aiming to raise $15 million. In previous submissions, the company had planned to issue 2 million shares at the same price. With the adjusted fundraising scale, KWF Group Holding's fundraising amount will increase by 88% compared to the original plan, and its fully diluted market value will reach $120 million. KWF Group Holding is engaged in civil engineering subcontracting in Hong Kong, mainly undertaking infrastructure projects from the public sector. It holds subcontractor qualifications in earthworks, road drainage systems, sewers, and other waterworks engineering, as well as being a registered specialist contractor in structural steel engineering. Established in 2014, KWF Group Holding achieved a revenue of $17 million in the 12 months ending on August 31, 2025. The company plans to list on the Nasdaq with the stock code KWF, and Pacific Century Securities and Revere Securities will serve as joint bookrunners for this IPO.