Julong Holding Limited Announces Closing of Initial Public Offering

Rhea-AI Summary

Julong Holding (NASDAQ:JLHL), a provider of intelligent integrated solutions, has successfully completed its Initial Public Offering (IPO). The company raised $5.0 million by offering 1,250,000 Class A ordinary shares at $4.00 per share.

Trading commenced on the Nasdaq Capital Market on June 26, 2025. The underwriter, US Tiger Securities, has a 45-day option to purchase up to 187,500 additional shares. Proceeds will fund strategic acquisitions, market expansion, R&D investments, and general corporate purposes.

Positive

• None.

Negative

• Relatively small IPO size of $5.0 million may limit growth initiatives
• Potential share dilution if underwriter exercises additional share option

Insights

IPO Specialist

Julong's micro-IPO raises only $5M at $4/share, suggesting limited institutional interest despite growth potential in intelligent integrated solutions.

Julong Holding Limited has completed a notably small-scale IPO of $5 million, selling 1.25 million Class A shares at $4.00 per share on the Nasdaq Capital Market. This offering size positions Julong firmly in the "micro-IPO" category, substantially smaller than typical Nasdaq listings which often raise $50-100+ million.

The modest fundraising amount and the single bookrunner structure (US Tiger Securities) suggest limited institutional interest at this stage. For context, larger, more established IPOs typically employ multiple underwriters to distribute shares among a broad network of institutional investors.

The $4.00 share price also sits at the lower end of typical IPO pricing, potentially indicating conservative valuation concerns or limited initial demand. The company has granted a standard 45-day option for the underwriter to purchase an additional 187,500 shares (15% of the initial offering), which could provide a small liquidity boost if exercised.

Julong describes itself as a "growth-oriented provider of intelligent integrated solutions" but offers minimal specific details about its technology or market position. The company's capital allocation priorities focus on acquisitions, geographic expansion, and R&D investment, suggesting a strategy centered on scaling operations and enhancing technological capabilities.

This offering exemplifies the increasing diversity of companies accessing U.S. public markets, with smaller Chinese technology firms finding pathways to list despite more challenging regulatory environments and investor sentiment toward Chinese listings in recent years.

BEIJING, June 27, 2025 (GLOBE NEWSWIRE) -- Julong Holding Limited (“Julong” or the “Company”) (Nasdaq: JLHL), a growth-oriented provider of intelligent integrated solutions, today announced the closing of its initial public offering (the “Offering”) of 1,250,000 Class A ordinary shares, at a public offering price of US$4.00 per share (the “Offering Price”). The Company’s Class A ordinary shares began trading on the Nasdaq Capital Market on June 26, 2025, under the ticker symbol “JLHL.”

The aggregate gross proceeds from the Offering were US$5.0 million, before deducting underwriting discounts and other related expenses. The Company intends to use the net proceeds for (i) pursuing strategic acquisitions and investment opportunities to strengthen its market position and further enhancing its competitiveness in the intelligent integrated solutions industry, (ii) expanding into a wider customer base and more geographical markets in mainland China and internationally, (iii) investment in research and development to expand the capabilities of its technology in both hardware and software domains, and (iv) general corporate purposes.

In addition, the Company has granted the underwriter an option, exercisable within 45 days from the date of the Offering, to purchase up to an aggregate of 187,500 additional Class A ordinary shares at the Offering Price, less underwriting discounts and commissions.

US Tiger Securities, Inc. acted as the sole book-runner for the Offering.

A registration statement related to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This offering is being made only by means of a prospectus forming part of the effective registration statement. The final prospectus relating to the Offering was filed with the SEC and is available on the SEC’s website at www.sec.gov. Copies of the final prospectus relating to the Offering may be obtained, when available, by contacting US Tiger Securities, Inc. at 437 Madison Avenue, 27th Floor, New York, NY 10022, United States, or by telephone at +1-646-978-5188, or by email at ECM@ustigersecurities.com.

About Julong

Founded in 1997, Julong is a growth-oriented professional provider of intelligent integrated solutions to public utilities, commercial properties, and multifamily residential properties operating at scale in China. The Company’s comprehensive suite of intelligent integrated solutions includes systems for intelligent security, fire protection, parking, toll collection, broadcasting, identification, data room, emergency command, and city management. Since its inception, Julong has focused on the successful and on-time execution of complex projects, through its “deliveries before deadline” and “customers first” initiatives. As Julong continues to cross-sell its service and solution offerings and advance its purpose-built technologies, the Company is well-positioned to achieve economies of scale and capture future opportunities.

For more information, please visit: ir.julongzx.com.

Forward-Looking Statements

This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements relating to the anticipated size of the initial public offering and the expected trading commencement and closing dates. These forward-looking statements can be identified by terminology such as “will,” “would,” “may,” “expects,” “anticipates,” “aims,” “future,” “continues,” “could,” “should,” “target,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: uncertainties related to market conditions, the satisfaction of customary closing conditions related to the initial public offering, the completion of the initial public offering on the anticipated terms, or at all, and other factors discussed in the “Risk Factors” section of the preliminary and final prospectus that forms a part of the effective registration statement filed with the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

Investor Relations:
Email: ir@julongzx.com

The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
Email: julong@thepiacentegroup.com

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: julong@thepiacentegroup.com

FAQ

What is Julong Holding's (JLHL) IPO price and how many shares were offered?

Julong Holding offered 1,250,000 Class A ordinary shares at $4.00 per share, raising a total of $5.0 million in gross proceeds.

When did Julong Holding (JLHL) begin trading on Nasdaq?

Julong Holding began trading on the Nasdaq Capital Market on June 26, 2025, under the ticker symbol 'JLHL'.

How will Julong Holding (JLHL) use its IPO proceeds?

The proceeds will be used for strategic acquisitions, market expansion, R&D investments in hardware and software technology, and general corporate purposes.

Who was the underwriter for Julong Holding's (JLHL) IPO?

US Tiger Securities, Inc. acted as the sole book-runner for the IPO.

What is the underwriter's option in Julong Holding's (JLHL) IPO?

The underwriter has a 45-day option to purchase up to 187,500 additional Class A ordinary shares at the IPO price of $4.00 per share.