Hong Kong mortgage broker FG Holdings increases shares offered, narrows range ahead of $15 million US IPO
IPO Overview
FG Holdings, which provides mortgage loan brokerage services in Hong Kong, raised the proposed deal size for its upcoming IPO on Tuesday.
The Hong Kong-based company now plans to raise $15 million by offering 3.8 million shares at a proposed price of $4. The company had previously filed to offer 2 million shares at a range of $4 to $5. At the revised deal size, FG Holdings will raise 67% more in proceeds than previously anticipated and command a market cap of $135 million （6% decrease from previous terms）。
Through its operating subsidiaries, FG Holdings provides a fintech platform for private credit mortgage loan and bank mortgage loan brokerage services. The company provides borrowers with mortgage application simulation and access to multiple mortgage loan options from different lenders, matching them to their best loan options and connecting them with potentially suitable loan lenders. FG Holdings has facilitated over $1.3 billion in loans to 711 borrowers since its inception until June 30, 2025.
FG Holdings was founded in 2019 and booked $3 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol FGO. D. Boral Capital and uSmart Securities are the joint bookrunners on the deal.
About the Company
FGHL, through our Operating Subsidiaries, is a financial services provider who provide private credit mortgage loan brokerage services and bank mortgage loan brokerage services in Hong Kong through our fintech platform. We believe we were one of the first movers among mortgage loan brokerage companies in Hong Kong who have successfully developed a flexible and efficient fintech marketplace that connects borrowers and lenders. Our online mortgage brokerage platform is designed to be secure and simple to use, with a bilingual user interface, fast execution enabled by automated assessment simulation and provide a great user experience. Leveraging our expertise in banking and financing industry, our broad network of lenders, and our advanced fintech platform, we provide borrowers with mortgage application simulation and access to multiple mortgage loan options from different lenders, rather than just multiple generic quotes from lenders’ standard pricing. We match borrowers to their best loan options and connect them with potentially suitable loan lender（s）。 Our experienced staff also provide support and service to assist borrowers in managing their choices, smoothen the loan processing and communication between the borrowers and lenders, leading to the best possible outcomes for both lenders and borrowers.