Jingrui Wang Pu Holdings Group, an electric appliance wholesaler and retailer in China, filed on Tuesday with the SEC to raise up to $6 million in an initial public offering.
The Hangzhou, China-based company plans to raise $6 million by offering 1.3 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Jingrui Wang Pu Holdings Group would command a market value of $106 million.
Through its PRC operating entities, the company sells various electric appliance products, through both wholesale and retail channels. Its product offerings include air-conditioners, refrigerators, televisions, washers, dryers, and dishwashers, among others.
Jingrui Wang Pu Holdings Group was founded in 2002 and booked $12 million in revenue for the 12 months ended September 30, 2024. It plans to list on the Nasdaq under the symbol JRWP. Eddid Securities and Futures is the sole bookrunner on the deal.
