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JM Group Limited Announces Closing of Its $15 Million Initial Public Offering
Globenewswire· 2025-12-11 14:42
Company Overview - JM Group Limited is a Hong Kong-based sourcing and wholesale solutions provider for a diverse range of consumer products, including sporting goods, toys, electronics, and personal care items [7] Initial Public Offering (IPO) Details - The company closed its initial public offering of 3,750,000 ordinary shares at a price of $4 per share, resulting in total gross proceeds of $15,000,000 before expenses [1] - Underwriters have an option to purchase an additional 562,500 ordinary shares within 45 days to cover over-allotments [2] - The offering was conducted on a firm commitment basis, with Webull Financial LLC as the lead manager and Prime Number Capital, LLC as the co-manager [2] Trading Information - The ordinary shares began trading on the New York Stock Exchange on December 10, 2025, under the ticker symbol "JMG" [3] Regulatory Compliance - A registration statement on Form F-1 related to the offering was declared effective by the U.S. Securities and Exchange Commission on December 9, 2025 [4]