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J-Star Holdings (YMAT), a Taiwan-based maker of motorcycle and racquet frames, has made an extra submitting for a proposed US preliminary public providing that might increase round $17M.
The corporate mentioned within the submitting that it has utilized to checklist its shares on Nasdaq below the image YMAT. Whereas it didn’t specify the dimensions and pricing of the IPO, a price schedule indicated it was in search of to increase as much as $17.3M, a determine that might probably change.
ViewTrade Securities is serving as bookrunner. J-Star first filed for the IPO in late March.
Integrated within the Cayman Islands, J-Star focuses on carbon fiber composite merchandise resembling bike frames and tennis rackets. Merchandise are designed and manufactured by J-Star to buyer specs and later offered below the client’s model title. The corporate conducts operations by way of subsidiaries in China, Hong Kong, Taiwan and Samoa.
For extra on J-Star, learn SA contributor Donovan Jones’s “J-Star Holding Seeks US IPO for Manufacturing Enlargement”.