Hong Kong digital marketing company MediaOn Group (MEON.US) has increased its US stock IPO offering size by 51% to $30 million.

According to the Zhitong Finance APP, the digital marketing company MediaOn Group (MEON.US), headquartered in Hong Kong, announced an increase in the proposed size of its upcoming initial public offering (IPO) on Wednesday. The company now plans to issue 5.9 million shares at a price of $4 to $6 per share (with 49% being a secondary offering), raising approximately $30 million. Previously, the company had planned to issue 3.9 million shares (with a 49% secondary offering), with the price range remaining unchanged. Based on the midpoint of the price range, MediaOn Group's total fundraising this time will be 51% higher than previously expected, with a corresponding market value of approximately $115 million, an increase of about 5% from the previous terms.