JFB Construction Holdings Prices IPO at $4.13 Per Share (JFB)

JFB Construction Holdings (JFB) plans to raise $5 million in an initial public offering on Thursday, March 6th, IPO Scoop reports. The company will be issuing 1,300,000 shares at a price of $4.13 per share.

In the last 12 months, JFB Construction Holdings generated $23.1 million in revenue and $200,000 in net income. JFB Construction Holdings has a market-cap of $38.2 million.

Kingswood Capital Holdings served as the underwriter for the IPO.

JFB Construction Holdings provided the following description of their company for its IPO: “Note: This is a unit offering. Each unit consists of one share of stock and one warrant to buy a share of stock. (Incorporated in Nevada) JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management. Our primary markets vary across our business segments. Our commercial contracting segment has completed projects in 36 states, delivering over 2 million square feet of commercial retail and shopping center space construction and improvements. This segment’s market is driven primarily by our ability to provide services to franchisees and franchisors nationwide, regardless of project location because of our operational flexibility and established relationships with franchisees and franchisors alike. While we have historically focused on the Southern Atlantic region, including Florida, Georgia, South Carolina, and North Carolina, where we have established a strong reputation and network, our growth is increasingly tied to the strength of our relationships with franchisees and the trust of franchisors who rely on us as preferred builders for multiple projects. Our real estate development segment is currently concentrated in South Florida, with plans to leverage our regional success to expand into other southern and U.S. markets by identifying market opportunities and joint venture partners that align with our objectives. Our residential construction segment is also focused on South Florida, with no current plans for expansion beyond this market. Management believes we will leverage our established industry relationships, experience operating in various jurisdictions and navigating complex construction regulations to meet our growth objectives of continuing to expand our market throughout more of the United States and successfully winning bids for larger construction projects. The Company intends to focus its business in states with increased population and GDP growth, such as Florida, Texas and South Carolina. However, as we expand into new territories, our reputation for excellence will be less known by new clients and we will need to compete with other construction companies that may have been operating in a given region for years and already have built up reliable networks of clients, vendors, contractors, and other market participants. We believe our ability to rely on our relationships within the franchise industry and more generally the real estate development industry, should offset some of this potential risk, however by continuing to build on our experience and proven track record. Note: Net income and revenue are preliminary estimated figures for the the year that ended Dec. 31, 2024. (Note: JFB Construction Holdings’ IPO is a unit offering – with each unit consisting of one share of stock and one warrant to buy a share of stock. Size: 1.25 million units at $4.13 ($4.125) each to raise $5.16 million.)  “.

JFB Construction Holdings was founded in 2014 and has 19 employees. The company is located at 1300 S. Dixie Highway, Suite B Lantana, FL 33462 and can be reached via phone at (561)-582-9840 or on the web at http://www.jfbconstruction.net/.