J-Star Holding, a Taiwan-based maker of carbon fiber parts for bicycles, rackets, and other goods, filed on Monday with the SEC to raise up to $17 million in an initial public offering.
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.
The Taichung, Taiwan-based company was founded in 1970 and booked $25 million in revenue for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol YMAT. ViewTrade is the sole bookrunner on the deal. No pricing terms were disclosed.
