SMJ International Holdings, a Singapore-based flooring materials distributor, filed on Friday with the SEC to raise up to $11 million in an initial public offering.
The Singapore-based company plans to raise $11 million by offering 2.5 million shares at a price range of $4 to $5. At the midpoint of the proposed range, SMJ International Holdings would command a market cap of $124 million.
The company specializes in the sale and distribution of a range of flooring products such as carpet tiles, broadloom carpets and vinyl tiles under its proprietary brand known as “SMJ” in Singapore and over 20 countries mainly in Asia. These overseas markets include Malaysia, Indonesia, Philippines, Hong Kong, PRC, and Taiwan, among others.
SMJ International Holdings was founded in 1988 and booked $13 million in revenue for the 12 months ended March 31, 2025. It plans to list on the NYSE American but has not selected a symbol yet (RC Ticker: SMJH.RC). US Tiger Securities is the sole bookrunner on the deal.
