JM Group Limited Announces Closing of Its $15 Million Initial Public Offering

Rhea-AI Summary

JM Group Limited (NYSE: JMG) closed its initial public offering of 3,750,000 ordinary shares at $4.00 per share for total gross proceeds of $15,000,000, before underwriting discounts and offering expenses.

The underwriters have a 45‑day option to purchase up to an additional 562,500 shares to cover over‑allotments. The Offering was conducted on a firm commitment basis and the Ordinary Shares began trading on the New York Stock Exchange on December 10, 2025 under the ticker JMG. A Form F-1 (File No. 333-289556) was declared effective by the SEC on December 9, 2025. Webull Financial acted as lead manager and Prime Number Capital as co-manager.

Positive

• Gross proceeds of $15,000,000
• NYSE listing commenced on December 10, 2025 under ticker JMG
• Underwriters granted a 45‑day 562,500‑share overallotment option
• Offering executed on a firm commitment basis

Negative

• Proceeds reported before underwriting discounts and offering expenses
• Potential share overhang if 562,500‑share option is exercised within 45 days

Key Figures

Gross proceeds $15,000,000 Initial public offering gross proceeds before expenses

Shares offered 3,750,000 ordinary shares Base IPO share count

IPO price $4 per share Public offering price for the IPO

Over-allotment option 562,500 ordinary shares Additional shares available to underwriters

Over-allotment window 45 days Period during which option may be exercised

IPO gross proceeds $15 million Total gross proceeds referenced in headline

Form F-1 file number 333-289556 SEC registration statement file number

Trading start date December 10, 2025 Ordinary Shares commenced trading on NYSE

Market Reality Check

$4.95 Last Close

Volume Volume 3,758,169 is in line with 20-day average 3,782,077 (relative volume 0.99). normal

Technical Price 5.6 is trading below the 200-day moving average of 5.6.

Market Pulse Summary

The stock dropped -18.6% in the session following this news. A negative reaction despite the successful closing of a $15,000,000 IPO at $4 per share could have reflected concerns about dilution from the 3,750,000 new shares and the potential exercise of the 562,500-share over-allotment. With trading newly commenced on the NYSE, price discovery and early profit-taking often influenced volatility, while longer-term sentiment typically hinged on execution of the company’s growth plans post-offering.

Key Terms

initial public offering financial

"announced the closing of its initial public offering (the “Offering”)"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

over-allotments financial

"to cover the over-allotments, if any. The Offering was conducted"

An over-allotment is a temporary extra batch of shares that the underwriters of a stock offering are allowed to sell beyond the original amount, with the right to buy those shares back later. Think of it as spare tickets sold to meet demand and then reclaimed if needed to keep the market orderly; it helps stabilize the stock price after an offering and can affect short-term supply and potential dilution, which matters to investors tracking price and ownership stakes.

firm commitment basis financial

"The Offering was conducted on a firm commitment basis."

An agreement in which an underwriter agrees to buy an entire new stock or bond offering from a company and then resell it to the public, taking full responsibility for any unsold shares. Think of the underwriter as a store that buys all the inventory up front: this guarantees the company gets the money and gives investors certainty the deal will happen, while the underwriter’s risk and pricing choices can affect short‑term share availability and price stability.

form f-1 regulatory

"A registration statement on Form F-1 (File No. 333-289556) (the"

A Form F-1 is the document a non-U.S. company files with U.S. regulators when it wants to sell stock or other securities to U.S. investors. It lays out the company’s business, finances, risks and how the offering will work, acting like a product manual and ingredient list so investors can judge what they’re buying. For investors, it’s a key source of verified information used to compare opportunities and assess potential reward and risk.

securities and exchange commission regulatory

"declared effective by the U.S. Securities and Exchange Commission (the “SEC”)"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

prospectus regulatory

"The Offering was made only by means of a prospectus forming part"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

underwriters financial

"to cover the over-allotments, if any. The Offering was conducted"

Underwriters are financial professionals or institutions that help companies raise money by selling new securities, such as stocks or bonds, to investors. They assess the risk and determine the price at which these securities should be sold, acting like a bridge between the company and the investors. Their role helps ensure that the company raises the needed funds while providing investors with options that reflect the level of risk involved.

registration statement regulatory

"A registration statement on Form F-1 (File No. 333-289556)"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

AI-generated analysis. Not financial advice.

Hong Kong, Dec. 11, 2025 (GLOBE NEWSWIRE) -- JM Group Limited (the “Company” or “JMG”), a Hong Kong-headquartered sourcing and wholesale solutions provider for a wide array of consumer products, today announced the closing of its initial public offering (the “Offering”) of 3,750,000 ordinary shares (the “Ordinary Shares”) at a public offering price of $4 per share for total gross proceeds of $15,000,000, before deducting underwriting discounts and other offering expenses.

The Company has granted the underwriters an option, exercisable within 45 days from the closing date of the Offering, to purchase up to an additional 562,500 Ordinary Shares at the initial public offering price, less underwriting discounts, to cover the over-allotments, if any. The Offering was conducted on a firm commitment basis. Webull Financial LLC acted as the lead manager for the Offering and Prime Number Capital, LLC acted as the co-manager for the Offering (the “Underwriters”). Robinson & Cole LLP acted as U.S. securities counsel to the Company, and Ye & Associates, P.C. acted as U.S. counsel to the Underwriters in connection with the Offering.

The Ordinary Shares commenced trading on the New York Stock Exchange on December 10, 2025, under the ticker symbol “JMG”.

A registration statement on Form F-1 (File No. 333-289556) (the “Effective F-1”) relating to the Offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on December 9, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The Offering was made only by means of a prospectus forming part of the Effective F-1. Copies of the final prospectus relating to the Offering may be obtained from Webull Financial LLC, 44 Wall Street, 2nd Floor, New York, NY 10005, by telephone +1 (888) 828-0618 or by email at ecm@webull-us.com or from Prime Number Capital, LLC, 12 E. 49th Street, Tower 49, 27th Floor, New York, NY 10017, by telephone at +1 (516)717-5671 or by email at info@pncps.com. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About JM Group Limited

Headquartered in Hong Kong, JM Group Limited is a sourcing solutions provider committed to promoting better lifestyle choices for consumers. Since its incorporation in 2016, the Company has globally sourced and wholesaled a wide array of consumer products ranging from sporting goods, toys and games, seasonable decors and party supplies, electronics, home and tools, school and art supplies, apparels, to personal care products. For more information please visit: ir.jmgroup-hk.com.

Forward-Looking Statement

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company’s statements regarding the expected trading of its Ordinary Shares on the NYSE American and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These forward-looking statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:
Underwriter
Webull Financial LLC
ecm@webull-us.com
200 Carillon Parkway, St. Petersburg, FL 33716

Issuer
JM Group Limited
Unit 812, 8/F, Harbour Center Tower 1,
1 Hok Cheung Street, Hung Hom, Kowloon, Hong Kong

Investor Relations
WFS Investor Relations Inc.
services@wfsir.com

FAQ

How many shares did JM Group (JMG) sell in its IPO on December 11, 2025?

JM Group sold 3,750,000 ordinary shares at $4.00 per share in the IPO.

What were the total gross proceeds from JMG's initial public offering?

The Offering generated $15,000,000 in gross proceeds before underwriting discounts and expenses.

When did JMG begin trading on the NYSE and under what ticker?

Ordinary shares began trading on the New York Stock Exchange on December 10, 2025 under the ticker JMG.

Does JM Group's IPO include an overallotment option and what are the terms?

Yes. Underwriters can purchase up to 562,500 additional shares within 45 days at the offering price to cover over‑allotments.

Who were the lead manager and co-manager for JMG's offering?

Webull Financial LLC acted as lead manager and Prime Number Capital, LLC acted as co‑manager.