IPO - Majestic Ideal Holdings Ltd

Form Type: F-1/A

Filing Date: 2025-04-14

Corporate Action: Ipo

Type: New

Accession Number: 000121390025031383

Filing Summary: Majestic Ideal Holdings Ltd has filed an amendment to its registration statement for an initial public offering (IPO) of up to 2,500,000 ordinary shares, with an expected price range of $6.0 to $7.0 per share, aiming to list on the Nasdaq Capital Market under the symbol 'MJID'. The offering represents approximately 12.2% of the company’s total shares assuming no over-allotment option is exercised. Additionally, the registration statement includes a resale prospectus for 1,700,000 shares to be sold by existing shareholders. The company, registered in the Cayman Islands, operates primarily through its Chinese subsidiary, New Brand, which poses unique risks related to PRC laws and regulations. The offering is subject to Nasdaq's approval; if not approved, the IPO may not close. The document highlights risks associated with operations in China and compliance with U.S. regulations, stating that failure to meet certain accounting oversight requirements could lead to delisting from U.S. exchanges. The document also addresses the impact of the Holding Foreign Companies Accountable Act and recent regulatory measures from the PRC government affecting U.S.-listed foreign companies.

Form Type: F-1/A

Filing Date: 2025-03-17

Corporate Action: Ipo

Type: New

Accession Number: 000121390025024443

Filing Summary: Majestic Ideal Holdings Ltd is filing an amendment to its registration statement under the Securities Act of 1933 for an initial public offering (IPO) of up to 2,500,000 ordinary shares, par value US$0.0000625 each. The offering is subdivided into a Public Offering Prospectus for the sale of the shares and a Resale Prospectus for existing shareholders looking to sell 1,250,000 shares. The expected price range for the initial public offering is between $4.0 and $5.0 per share, with a projected total gross proceeds of $11,250,000. The offering's success is contingent upon Nasdaq's approval to list the shares under the symbol 'MJID'. It is noted that the entity operates through an offshore holding company in the Cayman Islands with operations in China via its subsidiary, New Brand. The company faces unique risks associated with its corporate structure and the regulatory environment in China which could impact its operations and stock performance.

Form Type: F-1/A

Filing Date: 2025-01-24

Corporate Action: Ipo

Type: New

Accession Number: 000121390025006405

Filing Summary: Majestic Ideal Holdings Ltd is conducting an initial public offering (IPO) of its shares, proposing to offer 2,500,000 ordinary shares priced between $4.0 and $5.0 each. The offering represents approximately 12.2% of the company's shares post-offering. An additional 1,250,000 shares are being offered by selling shareholders through a resale prospectus. The company is listed in the Cayman Islands and operates primarily through its PRC subsidiary, New Brand. The IPO aims to list shares on the Nasdaq Capital Market under the symbol 'MJID'. The registration statement also includes information about various risks associated with operating in China, regulatory issues related to foreign companies, the structure of corporate ownership, and the implications of being an emerging growth company. The document emphasizes that investors are purchasing shares of Majestic Ideal Holdings, a holding company without direct operations, rather than shares of the operational subsidiary, New Brand, and outlines the financial and operational implications of this structure. Additionally, the document highlights the potential for regulatory actions by the PRC government and the risks of delisting from US exchanges under the Holding Foreign Companies Accountable Act.