Chongqing digital marketing company Haoyuqin Culture (NENG.US) increases IPO size by over 200%, aiming to raise $28 million.

The Smart Finance and Economics APP learned that Chongqing Haoyu Qinyin Culture (NENG.US) has raised the proposed issuance scale of its upcoming IPO on Thursday. The company, headquartered in Chongqing, currently plans to raise $28 million by issuing 6.3 million shares of stock at a price range of $4 to $5 per share. The company had previously submitted an IPO application to issue 2 million shares at the same price range. Based on the middle price, the funds raised will increase by 213% compared to the previous expectations, and the market value will reach $163 million (an increase of 13% from the previous expectations).