Hong Kong consulting firm Purple Cloud Orient (YLY.US) raises IPO size by 108% aiming to raise $31 million.

Hong Kong-based company Ziyun Oriental (YLY.US), which focuses on providing feasibility and support services for cross-border investments, raised the proposed transaction size for its upcoming initial public offering (IPO) last Thursday. The company now plans to issue 6.3 million shares at a price of $4 to $6 per share, raising $31 million in funds. Previously, its latest filings showed a plan to issue 3 million shares at the same price range, up from the initially planned 1.5 million shares. Based on the midpoint of the price range, Ziyun Oriental's fundraising this time will increase by 108% compared to previous expectations, with a corresponding market value of $106 million. Through its operating subsidiary Ziyun Oriental, the company provides consulting and advisory services focusing on evaluating and researching the feasibility of investments in Southeast Asia (especially Vietnam). The company is committed to providing one-stop cross-border enterprise service solutions and overseas landing services for Southeast Asian businesses. Established in 2021, Ziyun Oriental generated revenue of $3 million in the 12 months ending November 30, 2025. The company plans to list on the Nasdaq or the New York Stock Exchange's US board under the stock symbol "YLY"; however, both exchanges have not yet approved its listing application. Cathay Securities and Revere Securities serve as the joint bookrunners for this offering.