Hong Kong food distributor Billion Group Holdings refiles, increases shares offered ahead of $17 million US IPO
IPO Overview
Billion Group Holdings, a Hong Kong-based distributor of high-end food products, refiled on Tuesday with the SEC to raise $17 million in an initial public offering. Billion Group originally filed for a US IPO in August 2025, but withdrew the offering this past Friday.
The Hong Kong, China-based company now plans to raise $17 million by offering 3.8 million shares at a price range of $4 to $5. The company had previously filed to offer 1.6 million shares at a range of $4 to $6. At the revised terms, Billion Group Holdings will raise 111% more in proceeds than previously anticipated and command a market cap of $100 million.
With the revised offering terms, Billion Group Holdings will qualify for a US IPO under the Nasdaq’s new listing requirements, which include a minimum float of $15 million worth of shares.
The company supplies premium and scarce high-end food products to businesses in Hong Kong. Products include frozen food （60% of FY24 revenue）， fine wine and spirits （24%）， luxury seafood （15%）， and other foods （1%）。 The company primarily serves catering-related distributors and luxury retail channels.
Billion Group Holdings was founded in 2015 and booked $10 million in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol BGHL. American Trust Investment Services is the sole bookrunner on the deal.
About the Company
Our mission is to be a leading global supplier of premium and scarce high-end food products in Hong Kong. We strive to be the trusted partner that connects the world’s finest ingredients with discerning customers, capitalizing on the growing global demand for quality and exclusivity. The operating entity, Billion Enterprise International Limited, was founded in 2015. Headquartered in Hong Kong, we are a fast-growing high-end food supplier. We specialize in global scarce high-end food procurement. We principally engaged in the trading of frozen food, fine wine and spirit, luxury seafood and other products. Our customers mainly include catering-related distributors and luxury retail channels. Our business strategy focuses on business-to-business sales （B2B）， which enables us to reach our customers’ sales network and consumer base. As high-end ingredients become more and more popular around the world, our customer base continues to expand with customers’ recommendations and our marketing efforts. The companies’ products include frozen foods, fine wines and spirits, and luxury seafood.
