Hong Kong construction subcontractor Uptrend Holdings (UPX.US) once again increased its IPO shares, raising funds to $28 million.

Hong Kong civil engineering and earthworks subcontractor Uptrend Holdings (UPX.US) increased the planned size of its upcoming IPO on Monday. The company now plans to offer 6.3 million shares of stock at a price of $4 to $5 per share, raising $28 million. The company had previously filed for an IPO of 3.8 million shares at the same price. With the revised median offering size, Uptrend Holdings will raise 67% more funds than previously expected. The company had already increased the number of shares to be issued, originally planning to offer 1.5 million shares at the same price range. Through its operating subsidiaries providing subcontracting services to the Hong Kong construction industry, Uptrend Holdings offers two main building solutions: civil engineering and earthwork Carriage Services Inc. Established in 2015, Uptrend Holdings had revenue of $10 million in the 12 months ending September 30, 2025. The company plans to list on the New York Stock Exchange American board with the stock symbol UPX. Blue Diamond Securities of America is the sole underwriter for this IPO.