FF Global Holdings, a timber trader focused on sourcing hardwood from the DRC for China-based customers, filed on Tuesday with the SEC to raise up to $20 million in an initial public offering.
The company plans to raise $20 million by offering 4 million shares at a price range of $4 to $6.
FF Global Holdings conducts its operations through its subsidiary, Future Faith, which trades African hardwood logs sourced from concession areas in the Democratic Republic of the Congo. The company supplies customers across Asia and the Middle East, including China, Hong Kong, Vietnam, Japan, and the UAE, primarily serving log traders, manufacturers, and wood-processing companies. In fiscal 2025, it expanded into sawn timber by adding European Ash sourced from Vietnam. Its supply is largely dependent on a single distributor (91.9% of hardwood log purchases in FY 2025), and its FY 2025 came from just four customers, with its top customer accounting for 76.0% of revenue.
The Singapore-based company was founded in 2022 and booked $9 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol FFGG. FF Global Holdings filed confidentially on December 30, 2025. Blue Diamond Securities of America is the sole bookrunner on the deal.
