Significant increase in funding before US IPO: Japanese recycling company Seahawk (SEAH.US) has dramatically increased the size of its issuance by 67%, aiming to raise $31 million.

Wisdom Financial APP learned that Seahawk Recycling Holdings (SEAH.US), a Japanese paper and scrap metal recycling service provider, raised the planned size of its upcoming US initial public offering (IPO) last Friday. The company, based in Tokyo, now plans to raise approximately $31 million by issuing 6.3 million shares at a price range of $4 to $6 per share. Previously, the company had filed to issue 3.8 million shares at the same price range, with an initial filing size of 2 million shares. With the revised offering size, Seahawk Recycling Holdings' fundraising amount will increase by 67% from previous expectations, resulting in a market value of approximately $149 million, 9% higher than the original terms.