Hong Kong food distributor Yifu Group (BGHL.US) IPO priced at $4-5 per share, fundraising scale increased by 111% to $17 million

Bloomberg News has learned that Hong Kong-based high-end food distributor BGHL.US has resubmitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on Tuesday. According to the latest plan, this Hong Kong company intends to issue 3.8 million shares, with a price range of $4 to $5 per share, aiming to raise $17 million through the IPO. Notably, BGHL previously filed for a U.S. listing in August 2025 but withdrew voluntarily last Friday. Its original plan was to issue 1.6 million shares at a price range of $4 to $6 per share. Under the revised offering terms, BGHL’s fundraising scale will increase by 111% compared to the original plan, with the company’s valuation expected to reach $100 million.

With the revised offering terms, BGHL will meet the new listing requirements of Nasdaq and be eligible for an IPO in the U.S. The new requirements include a minimum of $15 million in publicly available shares.

As a high-end food supplier, the company mainly provides premium rare products to Hong Kong restaurant distributors and luxury retail channels. Its product mix includes 60% frozen foods (accounting for 24 fiscal year revenue), 24% premium wines and spirits, 15% high-end seafood, and 1% other foods.

Founded in 2015, BGHL recorded revenue of $10 million over 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.