Leidi.com Rakuten September 17
J-Star Holding (stock code: YMAT), a carbon fiber manufacturer in Taiwan, recently submitted a prospectus to the U.S. Securities and Exchange Commission (SEC).
J-Star's issuance range is from US$4 to US$5, with 4 million shares issued and a maximum of US$20 million raised.
J-Star Holding is a company from Taiwan, China that focuses on the design, R&D and manufacturing of various lightweight, high-performance carbon composite products. It is headquartered in Taiwan, China, and its R&D center and materials laboratory are located in Taichung, Taiwan, China. The factory and second R&D center are located in Dongguan.
J-Star Holding mainly generates revenue through three businesses: 1. Sales of bicycle parts for sports bicycles and electric bicycles; 2. Sales of rackets for tennis, badminton, squash and beach tennis; 3. Sales of other products, mainly including Automobile structural parts, other sporting goods and health care products.
The prospectus shows that J-Star Holding's revenue in 2021 and 2022 will be US$31.33 million and US$39.38 million respectively; operating profits will be -US$120,000 and US$89,000 respectively.
Before the IPO, Jing-Bin Chiang held 38.68% of the shares, Lee Bo-Wei held 19.23% of the shares, RADIANT FAITH LIMITED held 17.13% of the shares, STAR CENTURION LIMITED held 10.91% of the shares, and Barium Glory Financial Ltd. held 9.52% of the shares. %.
After the IPO, Jing-Bin Chiang held 30.85% of the shares, Lee Bo-Wei held 15.34% of the shares, RADIANT FAITH LIMITED held 13.66% of the shares, STAR CENTURION LIMITED held 8.7% of the shares, and Barium Glory Financial Ltd. held 7.59% of the shares. %.
The following is the J-Star roadshow PPT (edited by Leidi.com):
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