Hillhouse Frontier Holdings, a luxury vehicle exporter, raised the proposed deal size for its upcoming IPO on Thursday.
The Diamond Bar, CA-based company now plans to raise $19 million by offering 3.8 million shares at a price range of $4 to $6. The company had previously filed to offer 1.3 million shares at the same price range. At the revised deal size, Hillhouse Frontier Holdings will raise 200% more in proceeds than previously anticipated and command a market cap of $119 million.
Through its subsidiary Hillhouse Capital Group, the company operates a vehicle export business, specializing in sourcing premium vehicles in the US and facilitating their shipment to a client in Hong Kong, who distributes the vehicles to its clients in the PRC. For the nine months ended September 30, 2025, Hillhouse completed 55 vehicle transactions.
Hillhouse Frontier Holdings was founded in 2022 and booked $7 million in revenue for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol HIFI. Cathay Securities is the sole bookrunner on the deal.
