Hong Kong-based Majestic Ideal Holdings (MJID), a provider of supply chain management (SCM) services to yarn, textile and knitwear manufacturing companies, priced its small IPO at $6.00 – the low end of its $6.00-to-$7.00 price range – and sold 2.5 million shares – the number in the prospectus – to raise $15 million on Thursday night, July 17, 2025. Majestic Ideal Holdings’ stock slid to $5.39 – down 61 cents – when it started trading at 12:01 p.m. EDT today – Friday, July 18, 2025 – in its NASDAQ debut on volume of 216,866 shares. (Editor’s Note: This column, posted early today – Friday, July 18, 2025 – was updated after the opening trade on NASDAQ at midday.)
Shares of Majestic Ideal Holdings (MJID) ended their first day of trading at $3.30 – down $2.70 for a drop of 45 percent from their $6.00 IPO price. Volume was about 4.75 million shares.
Craft Capital Management and WestPark Capital were the joint book-runners.
At pricing, Majestic Ideal Holdings had a market cap of $123 million.
“We are a provider of SCM services in the apparel industry, delivering a one-stop solution to our customers for a broad range of yarn products, textiles and finished garments,” Majestic Ideal Holdings said in the prospectus. (SCM stands for supply chain management.)
“Our service offerings encompass every key aspect of the supply chain of these products: market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management. Through our integrated capabilities, we provide end-to-end supply chain solutions that are tailored to meet our customers’ unique needs.”
The Hong Kong holding company is not profitable, according to financial statements in the prospectus. For the fiscal year that ended Sept. 30, 2024, Majestic Ideal Holdings reported a net loss of $0.18 million on revenue of $12.49 million.
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