12:23 PM EDT, 09/12/2025 (MT Newswires) -- Hang Feng Technology Innovation (FOFO) shares were surging in their trading debut on Nasdaq Friday after the company priced its initial public offering of about 1.4 million shares at $4 apiece.

The stock was up more than 59% at $6.37 in recent trading after opening at $5.25.

Underwriters have a 45-day option to purchase up to 206,250 additional shares, said the Hong Kong-based company. It provides management consulting and asset management services.

The IPO is expected to close Sept. 15.

Price: 6.37, Change: +2.37, Percent Change: +59.25