Marwynn Holdings, which distributes home improvement products and consumables in the US, filed on Monday with the SEC to raise up to $9 million in an initial public offering.
The Irvine, CA-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, Marwynn Holdings would command a market value of $77 million.
Operating through subsidiaries Grand Forest Cabinetry and FuAn Enterprise, Marwynn distributes indoor home improvement products and food and non-alcoholic beverages in the US. Grand Forest provides kitchen cabinets, flooring, and home improvement products sourced from international suppliers to customers primarily in the San Francisco Bay Area. The company is working to expand throughout California and across the US. FuAn connects businesses in different regions, particularly Asia and the US, sourcing and distributing Asian food, snacks, and non-alcoholic beverages to mainstream markets, grocery stores, and wholesale/warehouse clubs.
Marwynn Holdings traces its roots to 2016 and booked $12 million in sales for the 12 months ended October 31, 2024. It plans to list on the Nasdaq under the symbol MWYN. The company filed confidentially on August 12, 2024. American Trust Investment Services is the sole bookrunner on the deal.