Hong Kong-based civil engineering subcontractor Uptrend Holdings Limited (UPX.US) announced on Tuesday a significant increase in the proposed scale of its upcoming initial public offering. The company, headquartered in Hong Kong, now plans to offer 3.8 million shares at a price range of $4 to $5 per share, aiming to raise $17 million. This marks a substantial revision from its earlier filing, which indicated an offering of 1.5 million shares within the same price bracket. Based on the midpoint of the revised offering size, Uptrend Holdings' fundraising amount will be 150% higher than previously anticipated. Uptrend Holdings provides subcontracting services to the Hong Kong construction industry through its operating subsidiaries. The company specializes in two primary construction solutions: civil engineering works and earthworks transportation services. Established in 2015, Uptrend Holdings intends to list on the Nasdaq exchange under the ticker symbol UPX. Cathay Securities is acting as the sole bookrunner for the transaction.