Hong Kong IPO and ESG consulting firm Starrygazey (MARH.US) plans to increase its IPO size by 67% to raise a total of $28 million.

According to Zhitong Finance APP, the Hong Kong-based IPO and ESG consulting service provider Starrygazey increased the size of its IPO on Tuesday. The company now plans to issue 6.3 million shares at a price of $4 to $5 per share, raising $28 million. Previously, the company had planned to issue 3.8 million shares in the same price range. Based on the mid-point of the adjusted issuance size, Starrygazey's fundraising amount will increase by 67% compared to previous expectations, and the company's market value will reach $120 million (up 10% from previous terms).