Vittoria, a Hong Kong-based provider of financial advisory and listing sponsorship services, lowered the proposed deal size for its upcoming IPO on Thursday.
The company now plans to raise $8 million by offering 1.8 million shares at a price range of $4 to $5. The company had previously filed to offer 2.3 million shares at the same price range. At the midpoint of the revised deal size, Vittoria will raise 20% less in proceeds than previously anticipated.
Through its wholly-owned subsidiary Red Solar, the company provides listing sponsorship and securities related services, and financial and compliance advisory services. The company states that it actively participates in Hong Kong's equity capital market, and its clients include both private and listed companies based in Hong Kong and Mainland China, as well as countries in Southeast Asia.
Vittoria was founded in 2017 and booked $4 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol VTA. American Trust Investment Services is the sole bookrunner on the deal.
