Company Overview - Majestic Ideal Holdings Limited is a provider of supply chain management (SCM) services in the apparel industry, offering a one-stop solution for a wide range of yarn products, textiles, and finished garments [6] - The company's service offerings include market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management, providing end-to-end supply chain solutions tailored to customer needs [6] Initial Public Offering (IPO) Details - The company announced the closing of its initial public offering of 2,500,000 ordinary shares at a price of $6.00 per share, with aggregate gross proceeds of $15.0 million before expenses [1] - The ordinary shares began trading on the Nasdaq Capital Market under the symbol "MJID" on July 18, 2025 [1] - The company has granted underwriters a 45-day option to purchase an additional 375,000 ordinary shares at the offering price [2] Use of Proceeds - The net proceeds from the offering will be used for procuring raw materials for textile and garment manufacturing, broadening the customer base, enhancing efficiency and SCM service capabilities, exploring eco-friendly materials, and funding general working capital needs [1]
Majestic Ideal Holdings Limited Announced Closing of Initial Public Offering