---
title: "Hong Kong food distributor Billion Group withdraws $8 million US stock IPO plan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277416654.md"
description: "The high-end food distributor Billion Group, headquartered in Hong Kong, withdrew its IPO plan last Friday. The company had previously applied to raise $8 million by issuing 1.6 million shares, with a price range set at $4 to $6 per share. As a high-end food supplier, the company primarily provides high-quality scarce products to Hong Kong's catering distributors and luxury retail channels. In its product portfolio, frozen foods account for 60% (accounting for the same proportion of revenue in fiscal year 2024), premium wines and spirits account for 24%, high-end seafood accounts for 15%, and other foods account for 1%. This company, founded in 2015 and based in Hong Kong, recorded $9 million in revenue for the 12 months ending June 30, 2025. The company originally planned to list on NASDAQ under the stock code \"BGHL.\" American Trust Investment Services was set to be the exclusive bookrunner for the transaction"
datetime: "2026-03-02T06:57:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277416654.md)
  - [en](https://longbridge.com/en/news/277416654.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277416654.md)
---

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# Hong Kong food distributor Billion Group withdraws $8 million US stock IPO plan

According to the Zhitong Finance APP, Hong Kong-based high-end food distributor Billion Group (BGHL.US) withdrew its IPO plan last Friday. The company had previously applied to raise $8 million by issuing 1.6 million shares, with a price range set at $4 to $6 per share.

As a high-end food supplier, the company primarily provides high-quality scarce products to Hong Kong's catering distributors and luxury retail channels. In its product portfolio, frozen foods account for 60% (the same proportion of revenue for the fiscal year 2024), premium wines and spirits account for 24%, high-end seafood accounts for 15%, and other foods account for 1%.

This company, headquartered in Hong Kong, was established in 2015 and recorded $9 million in revenue for the 12 months ending June 30, 2025. The company originally planned to list on NASDAQ under the stock code "BGHL." American Trust Investment Services was set to be the exclusive bookrunner for the transaction

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