J-Long Group Ltd

J-Long Group Ltd (JL) priced its initial public offering on Jan 23, 2024 at $5.00 per share, within its $4.00–$6.00 range, raising $7M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $157M. Eddid was lead-left underwriter. Appleby, K&L Gates and China Commercial Law Firm advised the company.

J-Long Group Ltd is a Cayman Islands holding company whose Hong Kong subsidiary distributes reflective and non-reflective garment trims such as heat transfers, woven labels, tapes, zipper pullers and drawcords. It has nearly 30 years in the apparel industry and has served over 100 international brands.

Status

IPO

Ticker

JL

Exchange

Nasdaq Global Market

Priced

Jan 23, 2024

IPO price

$5.00

Price range

$4.00–$6.00

Raised

$7M

Market cap at IPO price

$157M

First filed

Oct 19, 2023

Underwriters

Eddid

Company counsel

Appleby, K&L Gates and China Commercial Law Firm

Sector

Consumer

Country / state

Hong Kong

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.