JuNeng Technology, which provides digital marketing solutions to advertisers in China, filed on Friday with the SEC to raise up to $9 million in an initial public offering.
The company plans to raise $9 million by offering 2 million shares at a price range of $4 to $5. At the midpoint of the proposed range, JuNeng Technology would command a market value of $144 million.
Through its operating entity, JuNeng Technology provides digital marketing solutions in China, catering to customers in a variety of industries. JuNeng utilizes its proprietary "Lucky Short Video Intelligent Data Analysis System" to examine the efficiency of different visual elements used in short video ads. The company has developed partnerships with authorized third-party agents of leading media platforms, such as Tencent and ByteDance, through which it places ads for its customers.
The Chongqing, China-based company was founded in 2020 and booked $13 million in revenue for the 12 months ended March 31, 2025. It plans to list on the Nasdaq but has not selected a symbol yet (RC ticker: JNT.RC). JuNeng Technology filed confidentially on February 11, 2025. Pacific Century Securities is the sole bookrunner on the deal.
