LZ Technology Holdings Ltd

LZ Technology Holdings Ltd (LZMH) priced its initial public offering on Feb 27, 2025 at $4.00 per share, raising $7.2M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $90M. Bevilacqua, Conyers Dill & Pearman and Beijing Hylands Law Firm advised the company and Hunter Taubman Fischer & Li and Jingtian & Gongcheng advised the underwriters.

LZ Technology Holdings Ltd is a Cayman Islands holding company operating in China as an information technology and advertising company. Its three verticals are Smart Community, offering building access control and safety management systems, Out-of-Home Advertising, and Local Life.

Status

IPO

Ticker

LZMH

Exchange

Nasdaq Capital Market

Priced

Feb 27, 2025

IPO price

$4.00

Raised

$7.2M

Market cap at IPO price

$90M

First filed

Dec 22, 2023

Company counsel

Bevilacqua, Conyers Dill & Pearman and Beijing Hylands Law Firm

Underwriters' counsel

Hunter Taubman Fischer & Li and Jingtian & Gongcheng

Sector

Technology

Country / state

China

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