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ismagilov
Bike frame and tennis racket maker J-Star (YMAT) has upsized its proposed US initial public offering to $21M from $15M.
In a recent filing, J-Star said it was now looking to offer 5.25M shares priced at $4 per share, which would raise around $21M.
The Taiwan-based company plans to list its shares on Nasdaq under the symbol YMAT. ViewTrade Securities is acting as lead bookrunner.
The latest terms were upsized from a proposal filed in July, which had the company offering 3.75M at $4 per share, which would have raised $15M.
Based in the Cayman Islands, J-Star is a maker of carbon composite products such as bike and racket frames. The company conducts its operations through subsidiaries in China, Taiwan, Hong Kong and Samoa.
For more on J-Star, read SA contributor Donovan Jones’s “J-Star Holding Seeks US IPO for Production Expansion”.
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Image and article originally from seekingalpha.com. Read the original article here.