China's custom consumer goods manufacturer Mckeeson files IPO with SEC, seeking to raise up to $9 million

Market IntelThursday, Nov 14, 2024 9:50 am ET

1min read

MaxsMaking, a Chinese custom consumer goods manufacturer, filed a prospectus with the U.S. Securities and Exchange Commission (SEC) on Thursday to raise up to $9 million through an initial public offering (IPO).

The company, headquartered in Shanghai, China, plans to raise $9 million by issuing 2 million shares at a price range of $4 to $5 per share. At the midpoint of the range, MaxsMaking would be valued at $77 million.

The company primarily produces custom consumer goods such as bags, aprons, cushions, flags, chair covers, tablecloths, suitcases, and other consumer goods. It has several subsidiaries that focus on different business areas, including digital production, software development, product design, brand management, online sales, and international trade.

MaxsMaking was founded in 2007 and recorded $21 million in sales over the 12 months ended April 30, 2024. The company plans to go public on the Nasdaq under the ticker symbol "MAMK" with Joseph Stone Capital as the sole underwriter for the offering.

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