LEMENG HOLDINGS LTD

General Information
Business:

We are a Cayman Islands holding company. We are not a Chinese operating company, and do not conduct business operations directly in People’s Republic of China (“PRC” or “China”). All operations in China are conducted through a variable interest entity (“VIE”), Beijing Lemeng Interactive Technology Co., Ltd. (“Lemeng BJ”), and its subsidiaries (collectively, “Lemeng Interactive”).

Note: This is an offering of the Shares of the Cayman Islands holding company, which does not conduct operations. You are not investing in Lemeng BJ or Lemeng Interactive, the PRC operating companies, and may never hold equity in the PRC entities. Neither we nor our subsidiaries own any equity in Lemeng BJ or Lemeng Interactive.

Lemeng BJ was established in September 2014. It is a fast-growing mobile Internet big data marketing technology company and a high-tech enterprise. In 2015, Lemeng BJ’s  platform with independent intellectual property rights was launched. In 2017, it further transformed into a professional cloud service provider for targeted advertising services based on big data technology. It is committed to becoming a leading data technology company. Lemeng BJ had a self-developed programmatic advertising demand side platform (“DSP”) and an exclusive vertical media resource supply side platform (“SSP”) traffic pool. Based on the above advantages, Lemeng BJ has customized all process solutions to help companies carry out targeted advertising services based on Internet big data.

We focus on providing service in the following four areas: 1. App Advertising Support: Helping customers promote their own apps on the Internet or mobile devices; 2. Bank Advertising Support: Helping banks to promote their credit cards and financial products to users; 3. Telecom Advertising Support: Helping telecom operators such as China Mobile, China Unicom and China Telecom promote their apps and package promotions, and 4. Game Joint Operation Services: Helping mobile game developers target gamers.

At the same time, based on our ability in software development, we provide customized software development services for customers.

**Note: Revenue and net income are for the 12 months that ended Dec. 31, 2022.

(Note: Lemeng Holdings filed an F-1/A in May 2023 in which it disclosed terms for its IPO – 4.0 million Class B ordinary shares at $4.00 to $6.00 to raise $20.0 million – and named Prime Number Capital as the sole book-runner to replace The Benchmark Company. The company also updated its financial statements for the period through Dec. 31, 2022. Background: Lemeng Holdings Limited filed its F-1 on Oct. 25, 2022. The company submitted confidential IPO paperwork on Dec. 20, 2021.)

Industry: Services - For Advertising Agencies - Cloud provider
Employees: 37
Founded: 2014
Contact Information
Address Unit 408, 4th Floor, Building 51 No. 63, Zhichun Road Haidian District, Beijing 100089 China
Phone Number +86 010 82666432
Web Address http://www.lemeng123.com/
View Prospectus: LEMENG HOLDINGS LTD
Financial Information
Market Cap $100.0mil
Revenues $75.21 mil (last 12 months)
Net Income $4.94 mil (last 12 months)
IPO Profile
Symbol LIAI
Exchange NASDAQ
Shares (millions): 4.0
Price range $4.00 - $6.00
Est. $ Volume $20.0 mil
Manager / Joint Managers Prime Number Capital
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change