Zi Yun Dong Fang, a Hong Kong-based provider of cross-border investment feasibility and support services, raised the proposed deal size for its upcoming IPO on Thursday.
The company now plans to raise $31 million by offering 6.3 million shares at a price range of $4 to $6. It had most recently filed to offer 3 million shares at the same range; it originally planned to offer 1.5 million shares. At the midpoint, Zi Yun Dong Fang will raise 108% more in proceeds than previously anticipated and command a market value of $106 million.
Through its operating subsidiary Ziyun Oriental, the company provides advisory and consulting services focused on assessing and researching the feasibility of investments in Southeast Asia, particularly Vietnam. The company aims to provide one-stop cross-border enterprise service solutions and overseas landing services for Southeast Asian enterprises.
Zi Yun Dong Fang was founded in 2021 and booked $3 million in revenue for the 12 months ended November 30, 2025. It plans to list on either the Nasdaq or the NYSE American under the symbol YLY; neither exchange has approved the company's listing application yet. Cathay Securities and Revere Securities are the joint bookrunners on the deal.
