J-Star Holding, a Taiwan-based maker of carbon fiber parts for bicycles, rackets, and other goods, announced terms for its IPO on Wednesday.
The Taichung, Taiwan-based company plans to raise $15 million by offering 3.8 million shares at $4. At the proposed price, J-Star Holding would command a market value of $78 million.
Operating under the name YMA, the company produces carbon reinforcement and resin systems, which it uses in variety of lightweight, high-performance carbon composite products. J-Star Holding primarily generates revenue through sales of bicycle parts and racket parts, as well as other products including structural parts for automobiles, sporting goods, and healthcare products.
J-Star Holding was founded in 1970 and booked $31 million in revenue for the twelve months ended December 31, 2021. It plans to list on the Nasdaq under the symbol YMAT. ViewTrade is the sole bookrunner on the deal.
