Chinese e-commerce platform Global Home Selection (QQJ.US) has increased its fundraising for its US IPO to $30 million, nearly double its initial plan.

According to the WiseFinance APP, Chinese online shopping platform Global Home Selection QQJ (QQJ.US), headquartered in Hangzhou, raised the proposed transaction size of its upcoming initial public offering (IPO) this Thursday. The company plans to issue 5 million shares at a price range of $5 to $7 per share, raising $30 million. Previously, QQJ had applied in June 2024 to issue 2.3 million shares at a price range of $4 to $5 per share; the original application in February 2024 was for the same number of shares at a price of $4 per share. Based on the revised price range, the funding raised by QQJ this time will increase by 196% compared to previous expectations, and the company's market value will reach $120 million, a 55% increase from the original plan.