FG Holdings, which provides mortgage loan brokerage services in Hong Kong, raised the proposed deal size for its upcoming IPO on Tuesday.
The Hong Kong-based company now plans to raise $15 million by offering 3.8 million shares at a proposed price of $4. The company had previously filed to offer 2 million shares at a range of $4 to $5. At the revised deal size, FG Holdings will raise 67% more in proceeds than previously anticipated and command a market cap of $135 million (6% decrease from previous terms).
Through its operating subsidiaries, FG Holdings provides a fintech platform for private credit mortgage loan and bank mortgage loan brokerage services. The company provides borrowers with mortgage application simulation and access to multiple mortgage loan options from different lenders, matching them to their best loan options and connecting them with potentially suitable loan lenders. FG Holdings has facilitated over $1.3 billion in loans to 711 borrowers since its inception until June 30, 2025.
FG Holdings was founded in 2019 and booked $3 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol FGO. D. Boral Capital and uSmart Capital are the joint bookrunners on the deal.
