J-Long Group, a Hong Kong-based distributor of reflective and non-reflective garment trims, filed on Thursday with the SEC to raise up to $15 million in an initial public offering.
Operating through subsidiary JLHK, the company distributes reflective and non-reflective garment trims including heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers, and drawcords, among others. J-Long states that it has served over 100 international brands globally, and has a 25+ year working relationship with a leading US multinational conglomerate. The customer is J-Long's primary supplier of materials, and J-Long been its authorized distributor of 3M Scotchlite reflective materials since 2000.
The Hong Kong-based company was founded in 1985 and booked $38 million in sales for the 12 months ended March 31, 2023. It plans to list on the Nasdaq under the symbol JL. J-Long Group filed confidentially on December 30, 2022. Eddid Securities and Futures is the sole bookrunner on the deal. No pricing terms were disclosed.
