JAJI Global, which provides IT services to the securities and automotive industries in China, announced terms for its IPO on Wednesday.
The Shanghai, China-based company plans to raise $8 million by offering 1.6 million shares at a price range of $4 to $6. At the midpoint of the proposed range, JAJI Global would command a market value of $58 million.
JAJI Global provides IT products and services in China, with a focus on accelerating innovation and software-driven technologies in the securities and automotive industries. The company also provides business management and recruiting services to its customers.
JAJI Global was founded in 2010 and booked $11 million in revenue for the 12 months ended June 30, 2024. It plans to list on the Nasdaq under the symbol JAJI. Aegis Capital Corp. is the sole bookrunner on the deal.
