LZ Technology Holdings Limited Announces Closing of Initial Public Offering
LZ Technology Holdings (NASDAQ: LZMH) has successfully completed its initial public offering (IPO) on February 28, 2025. The company offered 1,800,000 Class B ordinary shares at $4.00 per share, raising gross proceeds of $7.2 million before deducting underwriting costs and expenses.
Trading of LZMH shares commenced on the Nasdaq Capital Market on February 27, 2025. The underwriters have a 45-day option to purchase an additional 270,000 Class B Ordinary Shares. The company plans to utilize the net proceeds for research and development, international expansions, strategic acquisitions, marketing efforts and working capital.
The IPO was conducted on a firm commitment basis, with Benjamin Securities, Inc. and D. Boral Capital serving as underwriters.
LZ Technology Holdings (NASDAQ: LZMH) ha completato con successo la sua offerta pubblica iniziale (IPO) il 28 febbraio 2025. L'azienda ha offerto 1.800.000 azioni ordinarie di Classe B a 4,00 dollari per azione, raccogliendo proventi lordi di 7,2 milioni di dollari prima di dedurre i costi di sottoscrizione e le spese.
Le contrattazioni delle azioni LZMH sono iniziate sul Nasdaq Capital Market il 27 febbraio 2025. I sottoscrittori hanno un'opzione di 45 giorni per acquistare ulteriori 270.000 azioni ordinarie di Classe B. L'azienda prevede di utilizzare i proventi netti per ricerca e sviluppo, espansioni internazionali, acquisizioni strategiche, sforzi di marketing e capitale circolante.
L'IPO è stata condotta su base di impegno fermo, con Benjamin Securities, Inc. e D. Boral Capital in qualità di sottoscrittori.
LZ Technology Holdings (NASDAQ: LZMH) ha completado con éxito su oferta pública inicial (IPO) el 28 de febrero de 2025. La compañía ofreció 1,800,000 acciones ordinarias de Clase B a $4.00 por acción, recaudando ingresos brutos de $7.2 millones antes de deducir los costos y gastos de suscripción.
Las acciones de LZMH comenzaron a cotizar en el Nasdaq Capital Market el 27 de febrero de 2025. Los suscriptores tienen una opción de 45 días para comprar 270,000 acciones ordinarias de Clase B adicionales. La compañía planea utilizar los ingresos netos para investigación y desarrollo, expansiones internacionales, adquisiciones estratégicas, esfuerzos de marketing y capital de trabajo.
La IPO se realizó sobre una base de compromiso firme, con Benjamin Securities, Inc. y D. Boral Capital actuando como suscriptores.
LZ Technology Holdings (NASDAQ: LZMH)는 2025년 2월 28일에 성공적으로 초기 공개 상장(IPO)을 완료했습니다. 회사는 1,800,000주 클래스 B 보통주를 주당 4.00달러에 제공하여, 인수 비용 및 경비를 공제하기 전 720만 달러의 총 수익을 올렸습니다.
LZMH 주식의 거래는 2025년 2월 27일에 Nasdaq Capital Market에서 시작되었습니다. 인수자들은 추가로 270,000주 클래스 B 보통주를 구매할 수 있는 45일 옵션을 가지고 있습니다. 회사는 순수익을 연구 개발, 국제 확장, 전략적 인수, 마케팅 노력 및 운영 자본에 사용할 계획입니다.
이 IPO는 확정 약정 방식으로 진행되었으며, Benjamin Securities, Inc.와 D. Boral Capital가 인수자로 참여했습니다.
LZ Technology Holdings (NASDAQ: LZMH) a réussi à finaliser son introduction en bourse (IPO) le 28 février 2025. La société a proposé 1.800.000 actions ordinaires de Classe B à 4,00 $ par action, levant des produits bruts de 7,2 millions de dollars avant déduction des coûts de souscription et des dépenses.
Les échanges des actions LZMH ont commencé sur le Nasdaq Capital Market le 27 février 2025. Les souscripteurs disposent d'une option de 45 jours pour acheter 270.000 actions ordinaires de Classe B supplémentaires. La société prévoit d'utiliser les produits nets pour la recherche et le développement, les expansions internationales, les acquisitions stratégiques, les efforts de marketing et le fonds de roulement.
L'IPO a été réalisée sur une base d'engagement ferme, avec Benjamin Securities, Inc. et D. Boral Capital agissant en tant que souscripteurs.
LZ Technology Holdings (NASDAQ: LZMH) hat am 28. Februar 2025 erfolgreich seinen Börsengang (IPO) abgeschlossen. Das Unternehmen bot 1.800.000 Stammaktien der Klasse B zu einem Preis von 4,00 $ pro Aktie an und erzielte brutto Einnahmen von 7,2 Millionen $, bevor die Kosten für die Emission und Ausgaben abgezogen wurden.
Der Handel mit LZMH-Aktien begann am Nasdaq Capital Market am 27. Februar 2025. Die Emissionsbanken haben eine 45-tägige Option, weitere 270.000 Stammaktien der Klasse B zu kaufen. Das Unternehmen plant, die Nettoerlöse für Forschung und Entwicklung, internationale Expansionen, strategische Übernahmen, Marketingmaßnahmen und Betriebskapital zu verwenden.
Der IPO wurde auf der Grundlage eines festen Engagements durchgeführt, wobei Benjamin Securities, Inc. und D. Boral Capital als Emissionsbanken fungierten.
- Successfully completed IPO raising $7.2M
- Listed on Nasdaq Capital Market
- 45-day option for additional share purchase worth $1.08M
- Clear growth strategy with proceeds allocation
- Small IPO size indicating capital raise
- Potential dilution if underwriters exercise additional shares option
Insights
LZ Technology's $7.2 million IPO represents a strategic entry into public markets that warrants investor attention despite its modest size. The company has successfully listed on the Nasdaq Capital Market at
This strong initial reception suggests significant investor interest, though it raises questions about whether the underwriters potentially left money on the table through conservative pricing. The company's intended use of proceeds spans critical growth vectors - R&D, international expansion, strategic acquisitions, and marketing - providing a foundation for potential value creation if executed effectively.
The reference to "Class B ordinary shares" indicates a multi-class share structure, typically implemented to preserve founder/management control while accessing public capital. Investors should conduct thorough due diligence on these governance arrangements, as they often grant differential voting rights that can impact minority shareholder influence.
It's worth considering the relatively small capital raise in context:
For context, this IPO successfully completed despite challenging market conditions for Chinese companies listing on US exchanges, which continue to face heightened regulatory scrutiny from both Chinese and American authorities - a risk factor that potential investors should carefully evaluate.
HUZHOU CITY, China, Feb. 28, 2025 (GLOBE NEWSWIRE) -- LZ Technology Holdings Limited (NASDAQ: LZMH) (“LZ Technology” or the “Company”), an information technology and advertising company, today announced the successful closing of its initial public offering of 1,800,000 Class B ordinary shares, par value
In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 270,000 Class B Ordinary Shares at the public offering price, less underwriting discounts. LZ Technology intends to use the net proceeds from this offering for research and development, international expansions, strategic acquisitions, marketing efforts and working capital.
The offering was conducted on a firm commitment basis. Benjamin Securities, Inc. and D. Boral Capital LLC acted as underwriters for the offering (the “Underwriters”). Bevilacqua PLLC acted as U.S. securities counsel to the Company, and Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to the Underwriters in connection with the offering.
A registration statement on Form F-1 (File No. 333-276234) relating to the offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on February 26, 2025. The offering was made only by means of a prospectus, forming part of the registration statement. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, copies of the final prospectus relating to the offering may be obtained from Benjamin Securities, Inc. by email at info@benjaminsecurities.com, by standard mail to 3 West Garden Street, Suite 407, Pensacola, FL 32502, or by telephone at +1 (516) 931-1090; or from D. Boral Capital LLC by standard mail to D. Boral Capital LLC, 590 Madison Ave 39th Floor, New York, NY 10022, or by email at info@dboralcapital.com, or by telephone at +1(212)-970-5150.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About LZ Technology Holdings Limited
LZ Technology Holdings Limited is an information technology and advertising company operating through its subsidiaries in China. The Company’s business spans three key verticals: Smart Community, Out-of-Home Advertising, and Local Life. Its Smart Community services provide intelligent access control and safety management systems, installed in thousands of residential communities in China. Its Out-of-Home Advertising division offers multi-channel advertising solutions through a vast network of monitors across approximately 120 cities in China, with ad placements on access control screens, SaaS platforms, and third-party advertising spaces. The Company’s Local Life vertical connects businesses with consumers through online promotions, social media marketing, and retail sales of various products and services. LZ Technology is committed to providing high-quality services to communities and businesses.
Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” as defined under the federal securities laws, including, but not limited to, the Company’s statements regarding the use of proceeds from the sale of the Company’s shares in the offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “believe”, “plan”, “expect”, “intend”, “should”, “seek”, “estimate”, “will”, “aim” and “anticipate”, or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
For further information, please contact:
Michael Wu
Investor Relations
LZ Technology Holdings Limited
michael@lzmh.co
FAQ
How much did LZ Technology Holdings (LZMH) raise in its February 2025 IPO?
What is the IPO underwriters' option period for LZMH additional shares?
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