Hang Feng Technology prices ~1.38M shares IPO at $4.0 per share

[IPO concept with financial charts and coins in background]
Sumala Chidchoi

Hong Kong-based Hang Feng Technology Innovation (FOFO [https://seekingalpha.com/symbol/FOFO]) priced [https://www.globenewswire.com/news-release/2025/09/12/3149234/0/en/Hang-Feng-Technology-Innovation-Co-Ltd-Announces-Pricing-of-Initial-Public-Offering.html] its initial public offering of ~1.38M shares at $4.0 per share.

The ordinary shares will commence trading on the Nasdaq Capital Market today under the ticker symbol FOFO.

The management consulting and asset management services provider expects gross proceeds of $5.5M from the offering.

Additionally, Hang Feng Technology has granted the underwriters a 45-day option to purchase up to an additional 206,250 shares at the public offering price.

The offering is expected to close on or about September 15.

Proceeds will be used to strengthen corporate management consulting business, develop asset management business, drive business expansion and strategic partnerships, and support general working capital and operations.

MORE ON HANG FENG TECHNOLOGY INNOVATION CO., LTD.

* Financial information for Hang Feng Technology Innovation Co., Ltd. [https://seekingalpha.com/symbol/FOFO/income-statement]