Billion Group Holdings, a Hong Kong-based distributor of high-end food products, refiled on Tuesday with the SEC to raise $17 million in an initial public offering. Billion Group originally filed for a US IPO in August 2025, but withdrew the offering this past Friday.
The Hong Kong, China-based company now plans to raise $17 million by offering 3.8 million shares at a price range of $4 to $5. The company had previously filed to offer 1.6 million shares at a range of $4 to $6. At the revised terms, Billion Group Holdings will raise 111% more in proceeds than previously anticipated and command a market cap of $100 million.
With the revised offering terms, Billion Group Holdings will qualify for a US IPO under the Nasdaq's new listing requirements, which include a minimum float of $15 million worth of shares.
The company supplies premium and scarce high-end food products to businesses in Hong Kong. Products include frozen food (60% of FY24 revenue), fine wine and spirits (24%), luxury seafood (15%), and other foods (1%). The company primarily serves catering-related distributors and luxury retail channels.
Billion Group Holdings was founded in 2015 and booked $10 million in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol BGHL. American Trust Investment Services is the sole bookrunner on the deal.
