Tong Ying Group, a Hong Kong-based commodity trader focused on chemicals, metals, and agricultural products, filed on Friday with the SEC to raise up to $10 million in an initial public offering.
Through its operating subsidiaries, Tong Ying Group is engaged in the trading of commodities and supply chain consulting services in Mainland China. Its commodities trading business mainly involves purchasing chemical products, non-ferrous metal products, and agricultural products from upstream suppliers and selling such commodities to downstream customers. Its supply chain consulting service business mainly refers to the professional consultation provided to customers on bulk trading.
The Shanghai, China-based company was founded in 2020 and booked $765 million in revenue for the 12 months ended June 30, 2024. It plans to list on the Nasdaq under the symbol TYZ. Joseph Stone Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
