Bluemount Holdings Limited (BMHL) of Hong Kong priced its small IPO at $4.00 – the low end of its $4.00-to-$5.00 range – and sold 1.375 million shares (the number in the prospectus) – to raise $5.5 million on Thursday night, July 10, 2025. Shares of Bluemount Holdings Limited opened at $4.20 – up 20 cents – at 10:45 a.m. EDT today – Friday, July 11, 2025 – on the NASDAQ on volume of 176,315 shares. Bluemount Holdings’ stock quickly gave up most of its modest gain to trade at about $4.03 – up 3 cents – at 11:02 .m. EDT on volume of about 905,000 shares.
Dominari Securities, Pacific Century Securities and Revere Securities served as the joint book-runners.
Bluemount Holdings Limited (BMHL), through its operating subsidiaries in Hong Kong, is engaged in the following businesses, according to the prospectus:
*Bluemount Capital – Providing corporate finance, strategic communications and other consulting and advisory services, which produced about 71 percent of its revenue for the six months that ended Sept. 30, 2024;
*Bluemount Commodities – Selling and trading luxury watches, primarily Patek Philippe, Audemars Piquet and Rolex watches, to individual and corporate customers – a business that produced about 26 percent of Bluemount Holdings Limited’s revenue for the six months that ended Sept. 30, 2024, and
*Bluemount Securities – Underwriting and placing securities as well as offering brokerage services in Hong Kong – and Bluemount Asset Management – Offering asset management services – Bluemount Holdings Limited’s financial services business produced about 3 percent of its revenue for the six months that ended Sept. 30, 2024.
The company, founded in 2016, is incorporated in the Cayman Islands.
Bluemount Holdings Limited (BMHL) Limited is profitable, according to the financial statements in the prospectus: Net income of $1.2 million on revenue of $4.2 million for the fiscal year that ended March 31, 2024 (in U.S. dollars converted from Hong Kong dollars).
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