Core Points - JM Group Limited, a Hong Kong-based sourcing and wholesale solutions provider, announced its initial public offering (IPO) of 3,750,000 ordinary shares priced at $4 per share, aiming for total gross proceeds of $15 million before expenses [1][2]. Company Overview - JM Group Limited is headquartered in Hong Kong and has been operational since 2016, focusing on sourcing and wholesaling a diverse range of consumer products including sporting goods, toys, seasonal decor, electronics, and personal care items [7]. IPO Details - The ordinary shares have been approved for listing on the NYSE American under the ticker symbol "JMG" and began trading on December 10, 2025, with the offering expected to close on December 11, 2025, pending customary closing conditions [2][4]. - The underwriters have an option to purchase an additional 562,500 ordinary shares within 45 days from the closing date to cover over-allotments [3]. - The offering is being conducted on a firm commitment basis, with Webull Financial LLC as the lead manager and Prime Number Capital, LLC as the co-manager [4].
JM Group Limited Announces Pricing of Its Initial Public Offering
Globenewswire·2025-12-10 00:58