Hong Kong corporate gift merchant Shang Li Fang (GINT.US) increases its Nasdaq IPO fundraising amount by 358%.

Gifts International Holdings, a gift package design and distribution company based in Hong Kong, raised its proposed deal size for its upcoming IPO on the US stock market last Friday. The company plans to raise $28 million by issuing 5 million shares at a price range of $5 to $6 per share. Previously, the company had planned to issue 1.5 million shares at $4 per share in June 2025. With the revised terms, Gifts International Holdings will be raising 358% more funds than originally expected and will have a market value of $88 million (approximately 11% higher than the previous terms). The company stated that it is a major player in the corporate gifts industry in Hong Kong, serving core clients such as banks, insurance companies, real estate firms, marketing companies, and other types of enterprises. Its main product line includes exclusively packaged flower gifts, fruit baskets, gift baskets, seasonal gifts, and various customizable gift package options. According to an independent market research report compiled by Migo, as of March 31, 2023, the company is the top consumer goods-oriented corporate gift service provider in Hong Kong. Gifts International Holdings was established in 2008 and reported $12 million in revenue for the 12 months ending September 30, 2025. The company plans to list on the US Nasdaq market under the ticker symbol "GINT". R.F. Lafferty & Co. is the exclusive bookrunner for this transaction.