Hong Kong recycled construction materials developer GreenVector Holdings files and sets terms for a $10 million US IPO
February 13, 2026 News
Hong Kong recycled construction materials developer GreenVector Holdings ups shares offered by 88% ahead of $19 million US IPO
GreenVector Holdings, a Hong Kong developer of recycled construction materials, raised the proposed deal size for its upcoming IPO on Friday.
The Hong Kong, China-based company now plans to raise $19 million by offering 3.8 million shares at a price range of $4 to $6. The company had previously filed to offer 2 million shares at the same range. At the midpoint of the revised deal size, GreenVector Holdings will raise 88% more in proceeds than previously anticipated.
IPO Overview
GreenVector Holdings, a Hong Kong developer of recycled construction materials, filed on Friday with the SEC to raise up to $10 million in an initial public offering.
The company plans to raise $10 million by offering 2 million shares at a price range of $4 to $6. At the midpoint of the proposed range, GreenVector Holdings would command a market cap of $60 million.
GreenVector Holdings operates as a key manufacturer of sustainable construction solutions in Hong Kong, focusing on eco-friendly products like Eco-Glass Blocks and Air Pollutant Removal Paving Blocks made from recycled materials. Through its operating subsidiary, it serves over 50 corporate clients, primarily major construction firms in Hong Kong, with distribution historically facilitated by affiliate TioStone Environmental Limited. The company maintains a localized supply chain with partnerships for recycled material sourcing and conducts ongoing research to develop new low-carbon materials.
The Hong Kong-based company was founded in 2005 and booked $5 million in revenue for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol GRVT. GreenVector Holdings filed confidentially on July 23, 2025. Craft Capital Management and Revere Securities are the joint bookrunners on the deal.
About the Company
We are an exempted company incorporated under the laws of the Cayman Islands on June 16, 2025. As a holding company with no material operations of our own, we conduct our business through our wholly-owned Hong Kong Operating Subsidiary, Laputa Eco-Construction Material Company Limited, incorporated under the laws of Hong Kong on July 13, 2005. Through the Operating Subsidiary, we have established ourselves as a leading manufacturer specializing in sustainable construction solutions using recycled materials, with a focus on carbonated products to reduce carbon emissions. We are one of two primary suppliers of eco-friendly construction materials in Hong Kong. We provide cost-effective and environmentally friendly solutions within the construction sector. We have established partnerships with local suppliers and recycling facilities to secure a ready supply of recycled materials, which we then transform into sustainable construction material. We are engaged in ongoing research and development efforts to create new, low-carbon construction materials, and then distribute such construction materials to end users.