JM Group Limited Announces Closing of Its $15 Million Initial Public Offering

Hong Kong, Dec. 11, 2025 (GLOBE NEWSWIRE) -- JM Group Limited (the “Company” or “JMG”), a Hong Kong-headquartered sourcing and wholesale solutions provider for a wide array of consumer products, today announced the closing of its initial public offering (the “Offering”) of 3,750,000 ordinary shares (the “Ordinary Shares”) at a public offering price of $4 per share for total gross proceeds of $15,000,000, before deducting underwriting discounts and other offering expenses.

The Company has granted the underwriters an option, exercisable within 45 days from the closing date of the Offering, to purchase up to an additional 562,500 Ordinary Shares at the initial public offering price, less underwriting discounts, to cover the over-allotments, if any. The Offering was conducted on a firm commitment basis. Webull Financial LLC acted as the lead manager for the Offering and Prime Number Capital, LLC acted as the co-manager for the Offering (the “Underwriters”). Robinson & Cole LLP acted as U.S. securities counsel to the Company, and Ye & Associates, P.C. acted as U.S. counsel to the Underwriters in connection with the Offering.

The Ordinary Shares commenced trading on the New York Stock Exchange on December 10, 2025, under the ticker symbol “JMG”.

A registration statement on Form F-1 (File No. 333-289556) (the “Effective F-1”) relating to the Offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on December 9, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The Offering was made only by means of a prospectus forming part of the Effective F-1. Copies of the final prospectus relating to the Offering may be obtained from Webull Financial LLC, 44 Wall Street, 2nd Floor, New York, NY 10005, by telephone [phone] or by email at [e-mail] or from Prime Number Capital, LLC, 12 E. 49th Street, Tower 49, 27th Floor, New York, NY 10017, by telephone at [phone] or by email at [e-mail]. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.