JM Group Limited Announces Pricing of Its Initial Public Offering

Rhea-AI Summary

JM Group Limited (NYSE: JMG) priced 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 company's Ordinary Shares were approved for listing and began trading on NYSE American on December 10, 2025 under the ticker JMG. The Offering is expected to close on December 11, 2025, subject to customary closing conditions.

The company granted the underwriters a 45-day option to purchase up to 562,500 additional shares at the IPO price to cover over-allotments. The offering was conducted on a firm commitment basis and a Form F-1 (File No. 333-289556) was declared effective by the SEC on December 9, 2025.

Positive

• Gross proceeds of $15,000,000 at pricing
• 3,750,000 shares sold at $4.00 per share
• Shares began trading on NYSE American on December 10, 2025
• 45-day overallotment option for 562,500 shares (15%)

Negative

• None.

Insights

Equity Capital Markets Analyst

JM Group priced a small IPO at $4 per share for gross proceeds of $15,000,000 and began trading on the NYSE American.

JM Group Limited sells sourcing and wholesale solutions for consumer products and is raising capital by offering 3,750,000 ordinary shares at $4 each, generating $15,000,000 in gross proceeds before fees. The company commenced trading under the ticker JMG on December 10, 2025 and expects the offering to close on December 11, 2025; the underwriters hold a 45-day option to buy up to 562,500 additional shares to cover over-allotments.

The key dependencies are straightforward and stated: completion depends on satisfaction of customary closing conditions and any exercise of the underwriter option within the 45-day window. Monitor the actual closing on December 11, 2025 and any exercise of the over-allotment option within 45 days as concrete, near-term items that will alter the total shares sold and aggregate proceeds.

Hong Kong, Dec. 09, 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 pricing 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 Ordinary Shares of the Company have been approved for listing on the NYSE American and commenced trading on December 10, 2025, under the ticker symbol “JMG”. The Offering is expected to close on December 11, 2025, subject to the satisfaction of customary closing conditions.

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 over-allotments, if any.

The Offering is being conducted on a firm commitment basis. Webull Financial LLC is acting as the lead manager for the Offering and Prime Number Capital, LLC is acting as the co-manager for the Offering (the “Underwriters”). Robinson & Cole LLP is acting as U.S. securities counsel to the Company, and Ye & Associates, P.C. is acting as U.S. counsel to the Underwriters in connection with the Offering.

A registration statement on Form F-1 (File No. 333-289556) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on December 9, 2025 (the “Effective F-1”). The Offering is being made only by means of a prospectus forming part of the Effective F-1. Copies of the final prospectus related 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: www.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 December 2025 IPO and at what price?

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 IPO and are expenses included?

Total gross proceeds were $15,000,000, stated before underwriting discounts and offering expenses.

When did JMG start trading on NYSE American under the ticker JMG?

Ordinary Shares commenced trading on December 10, 2025 on NYSE American under the ticker JMG.

What overallotment option did the underwriters receive in the JMG offering?

Underwriters have a 45-day option to purchase up to 562,500 additional shares at the IPO price to cover over-allotments.

When is the JMG offering expected to close?

The Offering is expected to close on December 11, 2025, subject to customary closing conditions.

Was JM Group's registration statement declared effective by the SEC and when?

Yes. The Form F-1 (File No. 333-289556) was declared effective by the SEC on December 9, 2025.