By Katherine Hamilton
Hillhouse Frontier increased the size of its planned initial public offering and now expects proceeds to be more than three times what it previously estimated.
The Nevada-based vehicle export company said Thursday it will grant underwriters an option to buy up to 562,000 shares of common stock within 45 days from the closing of its IPO. With an estimated price of $4 a share, Hillhouse expects gross proceeds from the offering to be $16 million.
Last month, the company said it planned to offer 187,000 shares to underwriters for total proceeds of $5.3 million.
Hillhouse specializes in exporting vehicles from the U.S. to Hong Kong to sell to people in China, it said in its IPO filing.
The company first filed for an IPO in July 2025. It plans to trade on Nasdaq under the ticker HIFI.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
January 15, 2026 17:58 ET (22:58 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.