Chinese Hong Kong clothing manufacturer Wayne (DNJF.US) IPO priced at $5-7 per share plans to raise $15 million.

On December 29, Wayne Industrial (Hong Kong) Limited, a holding company of Riverstone, submitted an IPO application in the United States, planning to list on the Nasdaq Capital Market with the stock code "DNJF". They intend to issue 2.5 million common shares, with an expected price range of $5 to $7 per share, raising $15 million. Based on the midpoint of the proposed range, Wayne's market value will reach $75 million. Wayne is a company headquartered in Hong Kong that designs and produces clothing for third-party and own brands. The company operates as a vertically integrated B2B and B2C fast fashion supply chain management service provider, offering a complete solution for clothing including market trend analysis, product design, raw material sourcing, production manufacturing, quality control, and logistics management. Their diversification of customers is mainly focused in Australia, Mexico, the UK, and the US. The company has a manufacturing factory in China covering over 13,000 square meters, with a monthly production capacity of 600,000 pieces of clothing, and also operates their own brand DOUBLE CRAZY. Founded in 2010, this Hong Kong company achieved revenues of $46 million in the 12 months ending March 31, 2025. The company plans to list on Nasdaq with the stock code DNJF, and secretly submitted the listing application on April 11, 2025. Joseph Gunnar serves as the sole book-running manager for this transaction.