Mar 8–Mar 14 | This Week’s IPO Updates: Chinese Companies Targeting U.S. Listings

On March 11, local time, FG Holdings Limited (hereinafter referred to as “FG Holdings”), a holding company of Richest View (HK) Limited, filed an updated prospectus with the U.S. Securities and Exchange Commission (SEC), seeking a Nasdaq listing under the ticker symbol “FGO”. The company first submitted a confidential filing to the SEC on December 28, 2023. It plans to offer 2 million shares at $4–$5 per share, targeting gross proceeds of $8–10 million. Headquartered in Hong Kong, FG Holdings is a financial services provider engaged in private credit mortgage brokerage services. It delivers private credit mortgage brokerage services and bank mortgage brokerage services via its fintech platform. 7. Qinhui Technology On February 11, 2025, local time, Qinhui Technology International Co., Ltd. (hereinafter referred to as “Qinhui Technology”), an automotive parts and components manufacturer and distributor based in Wuhu, filed an updated prospectus with the SEC, seeking a Nasdaq IPO under the proposed ticker symbol “QHT”. The company plans to issue 1.25 million shares at $5–$6 per share, targeting gross proceeds of $6.25–7.5 million. Qinhui Technology manufactures and sells automotive parts and components for passenger vehicles, trucks, and railway carriages in China through its operating subsidiaries. The company has grown rapidly: as of the prospectus date, it holds 37 valid registered patents and 3 registered trademarks in China. Its notable product—the LNG tank frame for trucks—saw production exceed 28,000 units in 2019; by 2023, Qinhui had become China’s largest supplier in this market. The company also co-developed a sliding-welding cargo box with China Railway No. 1 Bureau’s Material Trading & Machinery Company. Since 2002, it has repeatedly expanded its production facilities, now employing over 200 people. In 2023, its revenue totaled approximately $30 million, and it has been repeatedly recognized as an “Outstanding Supplier” by Chery Automobile. 8. J-Star On March 12, 2025, local time, J-Star Holding Co., Ltd. (hereinafter referred to as “J-Star”), a carbon-component manufacturer based in Taiwan, China, filed an updated prospectus with the SEC, seeking a Nasdaq IPO under the proposed ticker symbol “YMAT”. According to disclosures, J-Star first submitted a confidential filing to the SEC on September 30, 2021; it formally filed its public registration statement on February 16, 2022, though without disclosing details such as offering size. J-Star plans to issue 1.25 million ordinary shares at $4–$5 per share, targeting gross proceeds of $6.25 million. J-Star’s predecessor group was founded in 1970, and J-Star has accumulated over 50 years of technical expertise in the advanced composite materials industry. J-Star has developed and commercialized technologies for carbon-reinforced composites and resin systems.

Aug 17–Aug 23 | This Week’s IPO Updates: Chinese Companies Targeting U.S. Listings

3. Jinxin Network On August 19, 2024, local time, Jinxin Technology Holding Company (hereinafter referred to as “NanoBox”)—the de facto controlling entity of Shanghai Jinxin Network Technology Co., Ltd.—updated its prospectus with the U.S. Securities and Exchange Commission (SEC), seeking a Nasdaq listing under the ticker symbol “NAMI”. NanoBox initially filed a confidential registration statement with the SEC on March 27, 2023, and publicly disclosed its prospectus on August 10, 2023. In this latest update, the offering size remains unchanged from the prior version: NanoBox plans to issue 1.88 million shares at $4–$5 per share, targeting gross proceeds of $7.5–9.38 million. NanoBox is an innovative digital content service provider that leverages a powerful AI/AR/VR/digital-human–driven digital content generation engine. It delivers high-quality digital content services to users via its proprietary platforms and extensive partner distribution channels. NanoBox currently focuses on K–9 students in China, possessing core expertise in delivering digital and integrated educational content for this demographic—and intends to expand its service scope to deliver premium, engaging digital content for other age groups. According to Frost & Sullivan, NanoBox was China’s largest digital textbook platform and leading digital educational content provider for K–9 students by revenue in 2021. The company partners with leading Chinese textbook publishers to provide digital versions of mainstream primary and secondary school textbooks, primarily covering Chinese and English curricula used in K–9 schools. It also internally develops digital self-study content and leisure reading materials. Its AI-generated content technology enables comprehensive digital content offerings that deliver interactive, intelligent, and enjoyable learning experiences. 4. Click Holdings On August 19, 2024, local time, Click Holdings Limited (hereinafter referred to as “Click Holdings”), the holding company of Click Service Limited, updated its prospectus with the SEC, seeking a Nasdaq listing under the ticker symbol “CLIK”. The company publicly filed its registration statement in June 2024, planning to issue 1.5 million shares at $4 per share, targeting gross proceeds of $6 million. Headquartered in Hong Kong, Click Holdings is an integrated human resources service provider, delivering comprehensive HR solutions across three core areas: (i) professional solutions services, (ii) care solutions services, and (iii) logistics and other solutions services. The company specializes in talent acquisition and supplying both temporary and permanent staffing solutions to clients. 5. J-Star On August 19, 2024, local time, J-Star Holding Co., Ltd. (hereinafter referred to as “J-Star”), a carbon-component manufacturer based in Taiwan, China, filed an updated prospectus with the U.S. Securities and Exchange Commission (SEC), seeking a Nasdaq IPO under the proposed ticker symbol “YMAT”. The company plans to issue 1.25 million shares at $4–$5 per share, targeting gross proceeds of $5–6.25 million.

J-Star Holding Co., Ltd. Receives Shareholder Approval for Capital Restructuring and Reinforces Strategic Focus on U.S. Growth

Nov 3, 2026

J-Star Holding Co., Ltd. secured shareholder approval for capital restructuring, including a 1-for-10 share consolidation, to strengthen its financial foundation. This supports its strategic expansion in advanced UAV carbon fiber frame manufacturing in the U.S.

The Manila Times

J-Star Holding Co., Ltd. Receives Shareholder Approval for Capital Restructuring and Reinforces Strategic Focus on U.S. Growth

The Manila Times

2026-02-24

J-Star secures exclusive battery distribution deal with PSSB

2026-04-02

Jonathan Chiang Returns as J-Star CEO Effective March 31

2026-04-02

Carbon Fiber Bike Frame Maker J-Star’s Founder Returns as CEO

2026-04-10

J-Star Holding Reinstates Jonathan Chiang as CEO Following Sam Van's Resignation