Julong Holding, which provides engineering and related services in China, raised $5 million by offering 1.3 million shares at $4, the low end of the range of $4 to $6.
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 plans to list on the Nasdaq under the symbol JLHL. Tiger Brokers acted as sole bookrunner on the deal.
