3 E Network Technology Group Ltd

3 E Network Technology Group Ltd (MASK) priced its initial public offering on Jan 10, 2025 at $4.00 per share, within its $4.00–$6.00 range, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $45M. Forbes Hare, Gunderson Dettmer, LCH Lawyers and Han Kun advised the company and Sichenzia Ross Ference Carmel and Jingtian & Gongcheng advised the underwriters.

3 E Network Technology Group Ltd is a business-to-business IT solutions provider operating through PRC subsidiaries in Guangzhou. It began with software for property management and exhibition services and expanded to other sectors, including management software for distributed solar power plants.

Status

IPO

Ticker

MASK

Exchange

Nasdaq Capital Market

Priced

Jan 10, 2025

IPO price

$4.00

Price range

$4.00–$6.00

Market cap at IPO price

$45M

First filed

Dec 21, 2023

Company counsel

Forbes Hare, Gunderson Dettmer, LCH Lawyers and Han Kun

Underwriters' counsel

Sichenzia Ross Ference Carmel and Jingtian & Gongcheng

Sector

Technology

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.