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Micro-cap holding company HF Enterprises prices downsized IPO at $7 high end

November 24, 2020
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HF Enterprises, a holdco with investments in real estate, tech, and healthcare in the US and Asia-Pacific, raised $15 million by offering 2.2 million shares at $7, the high end of the range of $6 to $7. The company originally planned to offer 2.6 million shares. At pricing, the company commands a market value of $60 million.

HF Enterprises plans to list on the Nasdaq under the symbol HFEN. Aegis Capital Corp. acted as lead manager on the deal.