LZ Technology Holdings Limited announced the pricing of its initial public offering on February 26, 2025. The company priced 1,800,000 Class B ordinary shares at $4.00 per share. This offering is expected to generate aggregate gross proceeds of US$7.2 million for the company.
The Class B Ordinary Shares are anticipated to commence trading on the Nasdaq Capital Market on February 27, 2025, under the ticker symbol "LZMH." This marks a significant milestone for the information technology and advertising company as it enters the public market.
LZ Technology plans to allocate the net proceeds from this offering towards various strategic initiatives. These include funding for research and development, supporting international expansions, pursuing strategic acquisitions, bolstering marketing efforts, and strengthening its working capital.
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