By Katherine Hamilton
Hillhouse Frontier filed for an initial public offering.
In a filing with the Securities and Exchange Commission on Monday, the company said it expects the IPO to price between $4 and $6 per share. It intends to trade on Nasdaq under the ticker HIFI.
According to the filing, Hillhouse has 11.4 million Class A shares and 8.6 million Class B shares. Holders of Class A stock are entitled to one vote, while Class B holders are entitled to 20 votes and can convert their shares to Class A.
Hillhouse operates a vehicle export business specializing in sourcing vehicles made in the U.S. and facilitating their shipment to a client who distributes them across China. Hillhouse sources its vehicles through a network of purchasing agents. According to the prospectus, it plans to use the funds from the IPO to finance development of a car subscription service and to explore other business opportunities.
The company made $8.07 million in revenue during 2024, a 30% decline from the prior year.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
July 21, 2025 16:39 ET (20:39 GMT)
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