LZ Technology Holdings Limited announced the successful closing of its initial public offering on February 28, 2025. The company sold 1,800,000 Class B ordinary shares at a public offering price of $4.00 per share. This transaction generated total gross proceeds of approximately $7.2 million, before deducting underwriting discounts and other offering expenses.
The company's Class B Ordinary Shares began trading on the Nasdaq Capital Market on February 27, 2025, under the ticker symbol "LZMH." This marks the company's official entry into the public market, providing a new avenue for capital and investor participation.
The net proceeds from this offering are intended to be used for research and development, international expansions, strategic acquisitions, marketing efforts, and working capital. Benjamin Securities, Inc. and D. Boral Capital LLC acted as underwriters for the offering.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.