Bluemount Holdings, a Hong Kong-based consulting firm and trader of luxury timepieces, raised $5.5 million by offering nearly 1.4 million shares at $4, the low end of the range of $4 to $5.
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 $3 million in revenue during the 12 months ended 9/30/24.
Bluemount Holdings plans to list on the Nasdaq under the symbol BMHL. Dominari Securities acted as lead underwriter, with co-underwriters Pacific Century Securities and Revere Securities.
