Ping An Biomedical Co., Ltd.

Ping An Biomedical Co., Ltd. (MJID) priced its initial public offering on Jul 21, 2025 at $6.00 per share, raising $15M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $123M. Craft Capital was lead-left underwriter, joined by WestPark. Loeb & Loeb, Ogier and Commerce & Finance advised the company.

Ping An Biomedical Co., Ltd. is a Cayman Islands holding company that operates through a subsidiary headquartered in Hong Kong. It provides supply chain management services in the apparel industry, covering yarn products, textiles and finished garments from product design and sourcing through production and logistics.

Status

IPO

Ticker

MJID

Exchange

Nasdaq Capital Market

Priced

Jul 21, 2025

IPO price

$6.00

Raised

$15M

Market cap at IPO price

$123M

First filed

Apr 28, 2023

Underwriters

Craft Capital and WestPark

Company counsel

Loeb & Loeb, Ogier and Commerce & Finance

Sector

Consumer

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