Julong Shares Rise Following IPO

Dow Jones06-27

By Connor Hart

Julong shares rose following their debut on Nasdaq.

The company on Thursday priced its initial public offering at $4 a share. The stock was recently up 12%, trading at $4.49.

Julong is a holding company based in the Cayman Islands, with operations conducted primarily through subsidiaries in mainland China. The company provides what it calls intelligent integrated solutions--including security systems, fire-protection systems and parking systems--to public utilities, commercial properties and multifamily residential properties.

Before the opening bell, the company said it expected to sell 1.25 million shares of its common stock for $4 apiece. The company will additionally grant the underwriter 45 days to purchase up to 187,500 additional Class A ordinary shares at the IPO price, less underwriting discounts and commissions.

U.S. Tiger Securities is listed as the offering's underwriter.

Julong estimated it will receive about $3.4 million in net proceeds from the offering, or about $4.1 million if the underwriters exercise their over-allotment option in full. The company will use proceeds to pursue acquisitions, expand its customer base, research and development, and general corporate purposes, it said.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

June 26, 2025 13:58 ET (17:58 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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