Hong Kong consulting firm Blue Mountain Group (BMHL.US) is planning to go public on the Nasdaq, aiming to raise US$6mn through its IPO.

Bluemount Holdings, a financial consulting firm and luxury watch trader headquartered in Hong Kong, filed a preliminary prospectus with the U.S. Securities and Exchange Commission on Monday to raise up to $6 million in an initial public offering. The company plans to issue 1.4 million shares at a price of $4 to $5 each, raising $6 million. At the midpoint of the proposed price range, the valuation of Bluemount Holdings would be $222 million. The company plans to list on the Nasdaq under the symbol BMHL.

Bluemount Holdings provides consulting and advisory services through its subsidiary Bluemount Capital, focusing on corporate finance and strategic communication. The company trades luxury brand watches through Bluemount Commodities, purchasing from individuals or corporate entities and reselling to Hong Kong consumers. In addition, Bluemount Holdings provides underwriting, placement, and brokerage services through Bluemount Securities and asset management services through Bluemount Asset Management. The Hong Kong-based company generated revenue of $4.2 million in the fiscal year ended March 31, 2024.