Yi Feng Holdings, a Hong Kong-based construction subcontractor, filed on Friday with the SEC to raise up to $19 million in an initial public offering.
The Hong Kong, China-based company plans to raise $19 million by offering 3.8 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Yi Feng Holdings would command a market cap of $88 million.
Yi Feng Holdings is a subcontractor in the Hong Kong construction industry specializing in providing civil engineering work services and steel cutting services for the removal of temporary steel structures at construction sites. The company also generates revenue from the sales of recyclable steel collected from its steel cutting projects. Its project portfolio consists of both private and public sectors projects in Hong Kong, including residential buildings, commercial developments, public housing and government buildings, and schools, hospitals, and transport infrastructure
The Hong Kong, China-based company was founded in 2022 and plans to list on the NYSE American under the symbol YIFE. Yi Feng Holdings filed confidentially on August 29, 2025. Cathay Securities is the sole bookrunner on the deal.
