Gifts International Holdings, a Hong Kong-based designer and distributor of gift packages, raised the proposed deal size for its upcoming IPO on Friday.
The Hong Kong-based company now plans to raise $28 million by offering 5 million shares at a price range of $5 to $6. The company had previously filed in June 2025 to offer 1.5 million shares at $4. At the midpoint of the revised terms, Gifts International Holdings will raise 358% more in proceeds than previously anticipated and command a market cap of $88 million (+11% versus previous terms).
The company states it is one of the primary players in Hong Kong's corporate gifting industry, with its clients including banks, insurance companies, real estate companies, market companies, and other businesses. Its product offering includes floral gifts, fruit baskets, gift hampers, seasonal gifts, and various other customizable options.
Gifts International Holdings was founded in 2008 and booked $12 million in revenue for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol GINT. R.F. Lafferty & Co. is the sole bookrunner on the deal.
