New Stock News | Lomoworld Technology's Hong Kong IPO prospectus is invalid.
The Hong Kong IPO prospectus submitted by Fujian Lemo Internet of Things Technology Co., Ltd. on January 21 expired after six months on July 21.
Fujian LeMo IoT Technology Co., Ltd. (referred to as "LeMo IoT") submitted its Hong Kong IPO prospectus on January 21, which expired after 6 months on July 21. China Securities Co., Ltd. International and Shenwan Hongyuan Group Hong Kong served as its joint sponsors when submitting the prospectus.
The prospectus shows that LeMo IoT is the leader in intelligent massage service providers in mainland China. According to Frost & Sullivan data, the company ranked first among all intelligent massage service providers in mainland China in terms of transaction volume for the three consecutive years from 2021 to 2023, with market shares of 29.4%, 33.9%, and 37.3% in the respective years.
The company launched the "LeMo Bar" brand in 2016, combining innovative intelligent massage technology and data-driven customized services with traditional equipment massage, providing consumers with more relaxing, convenient, and professional intelligent massage services in commercial complexes, cinemas, transportation hubs (including airports, high-speed rail stations, etc.), and other consumption scenarios.
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