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Majestic Ideal Holdings (NASDAQ: MJID) has successfully completed its Initial Public Offering (IPO), raising $15.0 million in gross proceeds through the sale of 2,500,000 ordinary shares at $6.00 per share.
The company's shares began trading on the Nasdaq Capital Market on July 18, 2025. The underwriters have a 45-day option to purchase up to an additional 375,000 shares at the offering price. MJID plans to use the proceeds for raw materials procurement, customer base expansion, enhancing SCM service capabilities, exploring eco-friendly materials, and working capital needs.
Majestic Ideal Holdings is a supply chain management service provider in the apparel industry, offering comprehensive solutions for yarn products, textiles, and finished garments.
Majestic Ideal Holdings Limited (Nasdaq: MJID), a provider of SCM services in the apparel industry, has announced the pricing of its initial public offering at $6.00 per share for 2,500,000 ordinary shares. Trading is set to commence on the Nasdaq Capital Market on July 18, 2025, under the symbol "MJID".
The company has granted underwriters a 45-day option to purchase up to an additional 375,000 ordinary shares. The offering is expected to close on July 21, 2025. Proceeds will be used to procure raw materials, expand customer base, enhance SCM capabilities, explore eco-friendly materials, and fund working capital needs.
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