Hong Kong food distributor Billion Group (BGHL.US) IPO priced at $4-5 per share, raising 111% to $17 million.

High-end food distributor BillionRich Group (BGHL.US), headquartered in Hong Kong, refiled its initial public offering (IPO) application with the U.S. Securities and Exchange Commission (SEC) on Tuesday. According to the latest proposal, the Hong Kong company plans to issue 3.8 million shares of stock, with a price range of $4 to $5 per share, aiming to raise $17 million through this IPO. It is worth noting that BillionRich Group had originally submitted a U.S. listing application in August 2025, but voluntarily withdrew it last Friday. The original plan was to issue 1.6 million shares of stock, with a price range of $4 to $6 per share. Calculated according to the revised terms of issuance, BillionRich Group's fundraising size will increase by 111% compared to the original plan, and the company's estimated valuation is expected to reach $100 million. With the revised terms of issuance, BillionRich Group will meet Nasdaq's new listing requirements and be able to conduct an IPO in the United States. The new requirements include a minimum public float value of $15 million. As a high-end food supplier, the company mainly provides high-quality and scarce products to Hong Kong foodservice distributors and luxury retail channels. In its product portfolio, frozen foods account for 60% (represents 24% of fiscal year revenue, the same below), premium wines and spirits account for 24%, high-end seafood accounts for 15%, and other foods account for 1%. BillionRich Group was founded in 2015 and recorded revenue of $10 million in the 12 months ending December 31, 2025. The company plans to list on Nasdaq under the ticker symbol BGHL. American Trust Investment Services is the sole bookrunner for this transaction.