Julong Holding Ltd. (JLHL) of China priced its small-cap IPO at $4.00 – the low end of its $4.00-to-$6.00 price range – and sold 1.25 million shares – the number of shares in the prospectus – to raise $5.0 million on Wednesday night, June 25, 2025. Julong Holding’s stock opened at $6.21 – up $2.21 for a 55.25 percent gain from its $4.00 IPO price – at 10:20 a.m. EDT today – Thursday, June 26, 2025 – on the NASDAQ. Volume was about 76,000 shares on that opening trade.
US Tiger Securities acted as the sole book-runner.
At pricing, Julong Holding Ltd. had a market cap of $85.04 million.
Based in Beijing, Julong Holding provides “intelligent integrated solutions to public utilities, commercial properties, and multifamily residential properties operating at scale in China,” the prospectus said.
“The intelligent integrated solutions that we offer typically include intelligent security systems, fire protection systems, parking systems, toll collection systems, broadcasting systems, identification systems, data room systems, emergency command systems and city management systems.”
The company was founded in 1997.
Julong Holding Ltd. is profitable. For the fiscal year that ended Sept. 30, 2024, Julong Holding Ltd. earned net income of $2.43 million on revenue of $24.75 million.
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