Billion Group Holdings, a Hong Kong-based distributor of high-end food products, withdrew its plans for an initial public offering on Friday. It had filed to raise $8 million by offering 1.6 million shares at a price range of $4 to $6.
The Hong Kong, China-based company was founded in 2015 and booked $9 million in revenue for the 12 months ended June 30, 2025. It had planned to list on the Nasdaq under the symbol BGHL. American Trust Investment Services was set to be the sole bookrunner on the deal.
