Chinese Hong Kong civil engineering subcontractor KWF Group Holding Limited (KWF.US) on Tuesday increased the target size of its upcoming initial public offering (IPO).

The company now plans to issue 3.8 million shares at an offering price of $4 per share, aiming to raise $15 million.

In a previously filed document, the company had planned to issue 2 million shares at the same offering price.

Following this adjustment to the offering size, KWF Group's fundraising amount will be 88% higher than the original plan, and its fully diluted market capitalization will reach $120 million.

According to the introduction, KWF Group operates a civil engineering subcontracting business in Hong Kong, primarily undertaking public sector infrastructure projects.

The company holds registered subcontractor qualifications for earthworks, road drainage systems, sewers, and other (waterworks) projects, and is also a registered specialist contractor for structural steel engineering.

KWF Group was established in 2014 and generated revenue of $17 million for the 12-month period ended August 31, 2025.

The company plans to list on the Nasdaq under the stock ticker "KWF," with Pacific Century Securities and Revere Securities acting as joint book-running managers for the IPO.