Chinese nylon products manufacturer Jiamei New Materials applies for a US IPO, aiming to raise $6 million

Chinese custom nylon filament product manufacturer Camerry New Material Tech submitted a listing application to the U.S. Securities and Exchange Commission (SEC) on Tuesday, planning to raise up to $6 million through an initial public offering (IPO). The company operates primarily through its subsidiary Fujian Jiayi Chemical Fiber Co., Ltd. in China, focusing on the research and development and manufacturing of custom nylon filament products, particularly excelling in the field of elastic nylon functional yarns. This enterprise, headquartered in Fuzhou, China, was established in 1999 and achieved revenue of $16 million in the 12 months ending March 31, 2025. It plans to list on NASDAQ under the stock code CNMT. Camerry New Material Tech secretly submitted its listing application on December 3, 2024, with Cathay Securities serving as the exclusive bookrunner, and the company has not yet disclosed pricing terms