MaxsMaking, a Chinese manufacturer of customized consumer goods, filed on Thursday with the SEC to raise up to $9 million in an initial public offering.
The Shanghai, China-based company plans to raise $9 million by offering 2 million shares at a price range of $4 to $5. At the midpoint of the proposed range, MaxsMaking would command a market value of $77 million.
MaxsMaking manufactures customized consumer goods, such as bags, aprons, throw pillows, flags, chair covers, tablecloths, luggage, and other consumer goods. The company has various subsidiaries that specialize in different aspects of the businesses, including digital production, software development, product design, brand management, online sales, and international trade.
MaxsMaking was founded in 2007 and booked $21 million in sales for the 12 months ended April 30, 2024. It plans to list on the Nasdaq under the symbol MAMK. The company filed confidentially on February 7, 2024. Joseph Stone Capital is the sole bookrunner on the deal.
