香港JM设定IPO条款，拟募资1700万美元，计划在纽交所上市

Company Overview - JM Group, a Hong Kong-based commodity procurement supplier, has filed for an initial public offering (IPO) to raise up to $17 million [3][4] - The company plans to list on the New York Stock Exchange but has not yet determined its stock code [3] Financial Highlights - JM Group intends to issue 3.8 million shares at a price range of $4 to $5, which would give the company a market capitalization of approximately $89 million based on the midpoint of the proposed range [4] - For the 12 months ending March 31, 2025, JM Group reported sales of $31 million [6] - For the six months ended March 31, 2025, the company reported revenues of approximately $18.94 million, an increase from approximately $18.13 million in the previous period [7] Shareholder Structure - Stanley Ting is the major shareholder, holding a 41% stake post-IPO [4] Business Model - JM Group procures and wholesales a variety of products for retailers, distributors, and brand owners, including outdoor sports goods, toys, and clothing [4] - The company's suppliers are primarily located in mainland China, while its customers are spread across Australia, Hong Kong, Mexico, and the United States [4]