Uptrend Holdings, a civil engineering and soil and rock transportation subcontractor in Hong Kong, raised the proposed deal size for its upcoming IPO on Monday.
The Hong Kong, China-based company now plans to raise $28 million by offering 6.3 million shares at a price range of $4 to $5. The company had previously filed to offer 3.8 million shares at the same price. Uptrend Holdings had originally filed to offer 1.5 million shares. At the midpoint of the revised deal size, Uptrend Holdings will raise 67% more in proceeds than previously anticipated.
Through its operating subsidiary, Uptrend provides subcontractor services in the Hong Kong construction industry. The company offers two major construction solutions, civil engineering works and soil and rock transportation services.
Uptrend Holdings was founded in 2015 and booked $10 million in revenue for the 12 months ended September 30, 2025. It plans to list on the NYSE American under the symbol UPX. Blue Diamond Securities of America is the sole bookrunner on the deal.
