Julong Holding, which provides engineering and related services in China, announced terms for its IPO on Wednesday.
The Beijing, China-based company plans to raise $6 million by offering 1.3 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Julong Holding would command a market value of $106 million.
Julong's business lines include engineering solutions of intelligent projects, operation and maintenance of intelligent projects, and sales of equipment and materials of intelligent systems. The company customers include public utilities, commercial properties, and multifamily residential properties operating at scale in China.
Julong Holding was founded in 1997 and booked $24 million in revenue for the 12 months ended September 30, 2024. It plans to list on the Nasdaq under the symbol JLHL. Tiger Brokers is the sole bookrunner on the deal.
