JM Group Limited, a sourcing and wholesale solutions provider in Hong Kong, closed its initial public offering of 3,750,000 ordinary shares at $4 per share, raising $15,000,000. The underwriters have an option to purchase an additional 562,500 shares. The shares began trading on the NYSE under the symbol “JMG”. The offering was made on a firm commitment basis, with Webull Financial LLC as lead manager. The registration statement was declared effective by the SEC. For more information, visit the company’s website.

Read more at GlobeNewswire: JM Group Limited Announces Closing of Its $15 Million