Beta FinTech Holdings, a Hong Kong-based provider of securities placement and other financial services, raised the proposed deal size for its upcoming IPO on Thursday.
The Hong Kong, China-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 2 million shares at the same range. At the midpoint of the revised deal size, Beta FinTech Holdings will raise 88% more in proceeds than previously anticipated.
Through its operating subsidiaries, Beta FinTech provides financial services in Hong Kong. The company's primary offerings include securities dealing and brokerage services, margin loans and IPO financings, and placing services for Hong Kong IPOs.
Beta FinTech Holdings was founded in 1990 and plans to list on the Nasdaq under the symbol BTFT. Cathay Securities is the sole bookrunner on the deal.
