Blue Mountain Holdings Increases IPO Offering Through Over-Allotment Option
Bluemount Holdings Limited, a leading company in the industry, has announced the completion of a partial exercise of the underwriters’ over-allotment option in its Initial Public Offering (IPO). This move has resulted in the sale of an additional 140,000 Class B Ordinary Shares at a price of $4.00 per share, bringing the total number of shares sold in the offering to 1,515,000 shares.
The closing of this over-allotment exercise took place on July 30, 2025. The company’s Class B Ordinary Shares began trading on the Nasdaq Capital Market on July 11, 2025, under the ticker symbol "BMHL".
With this exercise, the total gross proceeds from the IPO have increased to $6,060,000, before deducting underwriting discounts and other offering expenses. As of July 29, 2025, Bluemount Holdings had a trailing twelve months (ttm) revenue of $3.40 million and net income of $1.76 million, with approximately 25.38 million shares outstanding and a market capitalization of about $109.09 million. The stock closed at $4.30 that day, showing some volatility since its IPO.
It is important to note that the press release contains forward-looking statements regarding the intended use of the proceeds. Investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Dominari Securities LLC acted as the representative of the underwriters for the IPO. Pacific Century Securities, LLC and Revere Securities LLC acted as co-underwriters to the IPO. Loeb & Loeb LLP acted as legal counsel to the Company, while VCL Law LLP acted as legal counsel to the underwriters for the IPO.
For those interested in learning more about Bluemount Holdings, additional information can be found at http://www.bluemount.com and http://www.bluemount-commodities.com.
Risks and uncertainties associated with this offering include, but are not limited to, market conditions and other factors discussed in the "Risk Factors" section of the registration statement filed with the U.S. Securities and Exchange Commission. A final prospectus relating to the IPO is available on the SEC's website at www.sec.gov, and copies may be obtained from Dominari Securities LLC.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. For more information about the Company’s filings with the SEC, please visit www.sec.gov.
- Bluemount Holdings Limited, following the completion of the over-allotment exercise, now has a total gross proceeds of $6,060,000 from its Initial Public Offering (IPO), a significant amount for its future business and investing endeavors.
- After the partial exercise of the underwriters’ over-allotment option, interested investors may now find that the Class B Ordinary Shares of Bluemount Holdings Limited, represented by the ticker symbol "BMHL", are a potential addition to their finance portfolio due to the increased number of shares available following the IPO.
