Hong Kong sports nutrition distributor Fitness Fanatics triples its US stock IPO issuance scale, aiming to raise USD 35 million
Complete. Here is the key summaryHong Kong sports nutrition product distributor Fitness Fanatics submitted an updated filing to the SEC, significantly raising the size of its U.S. IPO from 2 million shares to 7 million shares, aiming to raise approximately $35 million. The price range is set at $4 to $6 per share. Despite the substantial increase in fundraising, the corresponding market value has decreased by about 21% compared to previous terms. The company plans to list on NASDAQ under the ticker symbol FIT
According to Zhitong Finance APP, Fitness Fanatics (FIT.US), a sports nutrition product distributor headquartered in Hong Kong, submitted updated documents to the U.S. Securities and Exchange Commission (SEC) on Monday, significantly raising the proposed transaction size for its upcoming initial public offering (IPO). The company currently plans to issue 7 million shares at a price of $4 to $6 per share, raising approximately $35 million, having previously applied to issue 2 million shares at a price of $4 to $5 per share. Based on the midpoint of the revised price range, Fitness Fanatics' total fundraising amount will increase by approximately 289% compared to previous expectations, but the corresponding market value will be about $113 million, a decrease of approximately 21% from previous terms.
Fitness Fanatics distributes and sells sports nutrition products in Hong Kong and Malaysia, with sales channels covering gyms, supermarkets, convenience stores, membership-based retail stores, specialty stores, e-commerce platforms, and online markets. As of December 31, 2025, the company has over 1,500 sales points.
Founded in 2016, the company plans to list on NASDAQ under the stock code "FIT." Craft Capital Management serves as the exclusive bookrunner for this offering