Chinese engineering service provider Giant Dragon Online (JLHL.US) applies for IPO in the United States, planning to raise 6 million US dollars.

Last Friday, Dragon Online (JLHL.US), which provides engineering and related services in China, submitted an application to the U.S. Securities and Exchange Commission for its initial public offering (IPO), planning to raise up to $6 million. According to the prospectus, the company's main business includes intelligent engineering project solutions, intelligent system operation and maintenance services, and sales of intelligent devices and materials. The customer base includes large public utility institutions in China, commercial real estate projects, and operators of multi-family residential communities. Founded in Beijing in 1997, the company generated revenue of $24 million in the twelve months ended September 30, 2024. The company plans to list on Nasdaq with the stock code JLHL. It is reported that Dragon Online secretly submitted its listing application on April 18, 2024. UP Fintech Holding Ltd. Sponsored ADR Class A serves as the exclusive bookrunner for this offering, with specific terms of the offering yet to be disclosed.