Hao Feng Group Ltd. (HFE) IPO filing analysis

One-minute decisionBASIC RESEARCHSource completeness · 66%

IPO research

Hao Feng Group is a preliminary Cayman Islands holding-company IPO applicant offering Hong Kong financial-education exposure, with substantial controlling-shareholder, regulatory, market-liquidity and execution risks. The registration statement is not yet effective and the NYSE American listing is not assured.

Hao Feng Group’s preliminary F-1 proposes a 3.2 million-share IPO at an estimated $5.00–$8.00 per share for a planned NYSE American listing under HFE.

Where does the money go?Awaiting verificationF-1 · 2026-09-11

Ownership and votingAwaiting verified holder data— economic · — voting

Next disclosed checkpointSEC review and effectiveness of the F-1, pricing, and confirmation of NYSE American listing; no definitive timetable is supplied.F-1 · 2026-09-11

Capital destination

Awaiting verification

F-1 · 2026-09-11

Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.

Check the source · F-1 ↗

Next checkSEC review and effectiveness of the F-1, pricing, and confirmation of NYSE American listing; no definitive timetable is supplied.

Latest filing2026-09-11

Capital destination

Awaiting verification

F-1 · 2026-09-11

Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.

Check the source · F-1 ↗

BOOKRUNNERS / LEAD UNDERWRITERSBookrunners / lead underwriters

NOT YET DISCLOSED

Names not yet published

Fully diluted valuation bridge

Status	Reference
Awaiting verification	Source ↗

Basic-price scenario

A verified single offer price and basic post-offer share count are required. This is a data gap, not a paid lock.

Check the source · F-1 ↗

Holder data awaits verification

After the base offering, 23.2 million shares are expected to be outstanding. Mr. Chu Chun Man, through Hao Feng Education Limited, is expected to hold 18.664 million shares and approximately 80.4% of voting power. · 2026-09-11

After the base offering, 23.2 million shares are expected to be outstanding. Mr. Chu Chun Man, through Hao Feng Education Limited, is expected to hold 18.664 million shares and approximately 80.4% of voting power.

One disclosed holder; not a complete ownership distribution.Check the source · F-1 ↗

Conditional lock-up timeline

Status	Reference
Awaiting verification	Source ↗

Financial quality and runway

Status	Reference
Awaiting verification	Source ↗

Latest filing update

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SEC filing history

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Risk 1

The company states that PRC or Hong Kong authorities could intervene in or influence operations and that policy changes could materially affect the business or share value.

Potential impact: Awaiting verification
Monitor: SEC review and effectiveness of the F-1, pricing, and confirmation of NYSE American listing; no definitive timetable is supplied.
Evidence: Cover and opening disclosure ↗

SEC EDGAR

F-1

2026-09-11

Open SEC filing ↗