Core Viewpoint - JM Group, a Hong Kong-based procurement supplier, has filed for an IPO with the SEC, aiming to raise up to $17 million by issuing 3.8 million shares priced between $4 and $5 each, potentially valuing the company at $89 million post-IPO [1] Company Overview - JM Group specializes in providing procurement and wholesale services for global retailers, distributors, and brands, covering categories such as sports and outdoor products, toys, and apparel [1] - The company's supply chain is centered around manufacturers in mainland China, with a customer network that spans markets including Australia, Hong Kong, Mexico, and the United States [1] Ownership and Control - Stanley Ting, the founder and major shareholder, will retain 41% of the company's shares post-IPO, ensuring continued control over the business [1] Financial Performance - For the 12 months ending March 31, 2025, JM Group reported sales of $31 million [1] IPO Details - The IPO is planned for the New York Stock Exchange, with a temporary stock code of JMGG.RC, and Prime Number Capital serving as the sole bookrunner for the transaction [1] - JM Group, established in 2016, aims to leverage capital markets to further expand its global supply chain service network [1]