Global timber trading company FF Global Holdings (FFGG.US) has submitted an application for an IPO on the US stock market, aiming to raise $20 million.

Wood trading company FF Global Holdings submitted an IPO application to the US Securities and Exchange Commission (SEC) on Tuesday, aiming to raise up to 20 million US dollars. The company is a wood trading company that focuses on sourcing hardwood from the Democratic Republic of Congo (DRC) for Chinese clients. The company plans to issue 4 million shares of stock at a price range of 4 to 6 US dollars to raise 20 million US dollars. FF Global Holdings conducts business through its subsidiary Future Faith, sourcing African hardwood logs from the Democratic Republic of Congo concession areas. The company serves clients in Asia and the Middle East, including mainland China, Hong Kong, Vietnam, Japan, and the UAE, primarily catering to log traders, manufacturers, and wood processing companies. In the 2025 fiscal year, the company expanded into the lumber sector by increasing purchases of European white wax wood from Vietnam. Its supply is heavily reliant on a single distributor (accounting for 91.9% of hardwood log purchases in 2025 fiscal year), and its revenue in the 2025 fiscal year came from only four customers, with the largest customer accounting for 76.0% of the revenue. This Singapore-based company was founded in 2022 and recorded 9 million US dollars in revenue in the 12 months ending on June 30, 2025. The company plans to list on the Nasdaq with the stock ticker FFGG. FF Global Holdings secretly submitted the listing application on December 30, 2025. Blue Diamond Securities of America is the sole bookrunner for this transaction.