Hang Feng Sets Initial Public Offering Price at $4.00 for 1.38 Million Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 12 2025
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IPO Details: Hang Feng Technology Innovation has priced its initial public offering at $4.0 per share, offering 1,375,000 ordinary shares, with trading expected to begin on September 12 under the ticker "FOFO."
Use of Proceeds: The company anticipates raising $5.5 million from the offering, which will be allocated towards enhancing corporate management consulting, developing asset management, expanding business operations, and supporting general working capital.
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Analyst Views on FOFO
About FOFO
Hang Feng Technology Innovation Co Ltd is a holding company principally engaged in the provision of corporate management consulting services. The Company operates its business through two segments. The Corporate Management Consulting Service segment mainly provides management consulting and regulatory compliance and governance consulting services. The Asset Management Service segment mainly provides asset management services, including fund subscription and fund management services, and receive subscription fees and management fees accordingly.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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