Bluemount Holdings, a Hong Kong-based financial consulting firm and trader of luxury watches, filed on Monday with the SEC to raise up to $6 million in an initial public offering.
The company plans to raise $6 million by offering 1.4 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Bluemount Holdings would be valued at $222 million.
Through subsidiary Bluemount Capital, the company provides consulting and advisory services, focusing on corporate finance and strategic communications. Through Bluemount Commodities, the company trades luxury branded timepieces, sourcing them from individuals or corporate entities and subsequently reselling them to consumers in Hong Kong. Additionally, Bluemount Holdings provides underwriting, placing, and brokerage services through Bluemount Securities, and asset management through Bluemount Asset Management.
The Hong Kong, China-based company generated $4.2 million in revenue during the fiscal year ended 3/31/24, and plans to list on the Nasdaq under the symbol BMHL. Pacific Century Securities is the sole bookrunner on the deal.
