EvoNexus Group, a Hong Kong-based developer of social and entertainment-focused mobile apps, raised the proposed deal size for its upcoming IPO on Thursday.
The Hong Kong-based company now plans to raise $25 million by offering 6.3 million shares at $4. The company had previously filed to offer 3.8 million shares at the same price. It had originally filed in September to offer 2 million shares. At the revised deal size, EvoNexus Group will raise 67% more in proceeds than previously anticipated and command a market cap of $165 million (+6% versus previous terms).
EvoNexus develops and operates a range of social and entertainment-focused mobile applications. Its portfolio includes apps such as LivChat, BunchatLite, PeachU, Meeya, MeetClub, BakBak, UpChat, Timo, and RealCall.
EvoNexus Group was founded in 2019 and booked $15 million in revenue for the 12 months ended February 28, 2026. It plans to list on the Nasdaq under the symbol EVON. Kingswood Capital Markets is the sole bookrunner on the deal.
