Hong Kong mortgage brokerage service company FG Holdings (FGO.US) increases IPO size by $4/share

The Zhitong Finance App learned that FG Holdings (FGO.US), a Hong Kong company focused on providing mortgage brokerage services, has increased the proposed transaction size for its upcoming IPO.

The Hong Kong-based company currently plans to raise $15 million by issuing 3.8 million shares at a proposed price of $4 million. The company previously applied to issue 2 million shares, with a price range of $4 to $5. According to the revised deal size, the capital raised by FG Holdings will increase 67% from previous expectations, with a market capitalization of $135 million (down 6% from previous terms).

Through its operating subsidiary, FG Holdings provides a fintech platform for private credit mortgages and bank mortgage brokerage services. The company provides borrowers with mortgage application simulations and offers a variety of mortgage loan options from different lenders to help them match the best loan options and connect them to potentially suitable lenders. Since inception until June 30, 2025, FG Holdings has facilitated more than $1.3 billion in loans to 711 borrowers.

FG Holdings was founded in 2019 and recorded $3 million in revenue over the 12 months ending June 30, 2025. The company plans to list on Nasdaq under the ticker FGO. D. Boral Capital and uSmart Securities (uSmart Securities) were the joint bookkeepers of the transaction.