J-Star Holding, a Taiwan-based maker of carbon fiber parts for bicycles, rackets, and other goods, raised $5 million by offering 1.3 million shares at $4, the low end of the range of $4 to $5.
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 plans to list on the Nasdaq under the symbol YMAT. Maxim Group LLC acted as sole bookrunner on the deal.
