American Deluxe Corporation's car exporter Hillhouse Frontier Holdings (HIFI.US) applied to be listed on the US market and plans to raise $6 million.

American Deluxe Corporation car exporter Hillhouse Frontier Holdings (HIFI.US) submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) on Monday, planning to raise up to $6 million in funds through an initial public offering (IPO). According to the prospectus, the company plans to issue 1.3 million shares of stock at a price of $4 to $6 per share. Based on the median of the offering price range, Hillhouse Frontier Holdings will have a market value of $106 million. It is understood that through its subsidiary Hillhouse Capital Group, the company focuses on high-end car export business: purchasing quality vehicles in the U.S. and delivering them to Hong Kong customers in China, who then distribute them to the mainland Chinese market. In the full year of 2024, Hillhouse completed a total of 67 car transactions, with 34 completed through authorized dealers and 33 through independent dealers, working with a total of 15 purchasing agents. The company, headquartered in Diamond Bar, California, was founded in 2022. In the 12 months ending March 31, 2025, the company achieved revenue of $7 million. The company plans to list on the NASDAQ stock exchange under the ticker symbol "HIFI." Hillhouse Frontier Holdings previously submitted a confidential IPO application on April 25, 2025, with Cathay Securities serving as the exclusive bookrunner for this offering.