Global hardwood timber trader FF Global Holdings files for a $20 million US IPO
IPO Overview
FF Global Holdings, a timber trader focused on sourcing hardwood from the DRC for China-based customers, filed on Tuesday with the SEC to raise up to $20 million in an initial public offering.
The company plans to raise $20 million by offering 4 million shares at a price range of $4 to $6.
FF Global Holdings conducts its operations through its subsidiary, Future Faith, which trades African hardwood logs sourced from concession areas in the Democratic Republic of the Congo. The company supplies customers across Asia and the Middle East, including China, Hong Kong, Vietnam, Japan, and the UAE, primarily serving log traders, manufacturers, and wood-processing companies. In fiscal 2025, it expanded into sawn timber by adding European Ash sourced from Vietnam. Its supply is largely dependent on a single distributor （91.9% of hardwood log purchases in FY 2025）， and its FY 2025 came from just four customers, with its top customer accounting for 76.0% of revenue.
The Singapore-based company was founded in 2022 and booked $9 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol FFGG. FF Global Holdings filed confidentially on December 30, 2025. Blue Diamond Securities of America is the sole bookrunner on the deal.
About the Company
Our Group is principally engaged in the trading of premium African hardwood logs sourced from natural forests within government-authorized concession areas in the Democratic Republic of the Congo. We conduct all of our operations through our indirectly wholly owned Singapore subsidiary, Future Faith Pte. Ltd. （“FFPL”）。 As a holding company, FF Global Holdings Ltd （“FF Global” or the “Company”） does not conduct operating activities of its own and depends entirely on the business, financial condition and results of operations of FFPL. In fiscal year 2025, we broaden our product offerings by introducing sawn timber, specifically European Ash sourced from a third-party processor in Vietnam. This addition allows us to address customer demand for sawn timber and facilitated our entry into Japan, a market where sawn timber is generally preferred over raw logs. We currently serve customers across Mainland China, Hong Kong, Vietnam, Japan and Dubai. We source our African hardwood logs primarily from Auronova Limited （“Auronova”）， the sole distributor appointed by SCIBOIS Co. Our customer base consists of log traders, wood-processing companies, manufacturers and trading entities across Asia and the Middle East. In fiscal year 2024, our revenue was highly concentrated, with one major customer in Mainland China and one major customer in Hong Kong accounting for 96.1% of our total revenue.
