Julong Holding Limited (NASDAQ:JLHL) made a strong market entry Thursday, with its stock climbing 55% above its IPO price to close at $6.21 per share. The company initially priced its offering at $4.00 per share.
The firm, known for delivering smart integrated solutions, sold 1.25 million Class A ordinary shares during its public offering, raising approximately $5 million before potential additional purchases. The shares carry a nominal value of $0.0001 each.
Under the terms of the IPO, Julong Holding granted the underwriters the right to buy up to 187,500 extra Class A shares at the initial price minus underwriting fees, exercisable within 45 days after the offering date.
US Tiger Securities, Inc. acted as the sole book-runner for the transaction. Following the listing, Julong Holding’s stock now trades on the Nasdaq Capital Market under the symbol “JLHL.”