Hong Kong sports nutrition product distributor Fitness Fanatics (FIT.US) has tripled its IPO offering size in the U.S. stock market, aiming to raise $35 million.

According to the Zhitong Finance APP, Fitness Fanatics (FIT.US), a sports nutrition product distributor headquartered in Hong Kong, submitted an updated filing to the U.S. Securities and Exchange Commission (SEC) on Monday, significantly raising the proposed transaction size for its upcoming initial public offering (IPO). The company now plans to issue 7 million shares at a price of $4 to $6 per share, raising approximately $35 million, compared to its previous application to issue 2 million shares at a price of $4 to $5 per share. Based on the midpoint of the revised price range, Fitness Fanatics' total fundraising amount is expected to increase by about 289% compared to earlier expectations, but the corresponding market value is approximately $113 million, a decrease of about 21% from prior terms.