Chinese nylon products manufacturer Jiamex New Material (CNMT.US) applies for US stock IPO, planning to raise 6 million US dollars.

Chinese custom nylon filament manufacturer Camerry New Material Tech submitted an application for listing to the U.S. Securities and Exchange Commission (SEC) on Tuesday, planning to raise up to $6 million in funds through an initial public offering (IPO). The company operates through its main operating subsidiary, Fujian Jiayi Chemical Fiber Co., Ltd., in China, focusing on the research and manufacturing of custom nylon filament products, particularly specializing in elastic nylon functional yarns. Founded in Fuzhou, China in 1999, the company generated revenue of $16 million in the 12 months ending on March 31, 2025. It plans to list on the Nasdaq with the stock code CNMT. Camerry New Material secretly submitted its listing application on December 3, 2024, with Cathay Securities serving as the exclusive bookrunner for the offering. The pricing terms have not yet been disclosed by the company.