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Majestic Ideal Holdings Announces $15 Million IPO Pricing and Listing on Nasdaq
ByAinvest
Friday, Jul 18, 2025 4:15 am ET1min read
Majestic Ideal Holdings has completed a $15 million IPO and listed on Nasdaq. The company previously filed a $12.5 million IPO but withdrew it. Majestic Ideal's auditor raised concerns about the company's "going concern" status in January 2024.
Majestic Ideal Holdings Limited (MJID) has successfully completed its initial public offering (IPO) on the Nasdaq Capital Market. The company priced its IPO at $6.00 per share, raising a total of $15 million. The shares began trading on July 18, 2025, under the symbol MJID [1].The IPO offering consisted of 2.5 million ordinary shares, with an additional option for underwriters to purchase up to 375,000 shares at the same price, less underwriting discounts. The offering is expected to close on July 21, 2025, subject to customary closing conditions [1].
The proceeds from the IPO will be used to procure raw materials for textile and garment manufacturing, broaden the customer base, enhance efficiency and supply chain management service capabilities, explore eco-friendly and sustainable raw materials, and fund general working capital needs [1].
This marks a significant milestone for Majestic Ideal Holdings, which provides supply chain management services in the apparel industry. The company's services include market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management [2].
In January 2024, Majestic Ideal's auditor raised concerns about the company's "going concern" status, which led to the withdrawal of its previous $12.5 million IPO filing. Despite this setback, the company has successfully navigated the regulatory process and completed its IPO, demonstrating resilience and a commitment to growth [1].
References:
[1] https://www.investing.com/news/stock-market-news/majestic-ideal-holdings-prices-ipo-at-6-per-share-on-nasdaq-432SI-4140867
[2] https://www.marketscreener.com/news/majestic-ideal-holdings-limited-announces-pricing-of-initial-public-offering-and-listing-on-nasdaq-ce7c5cded98cf021
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