IPO - First ShenZhen Securities Co., Ltd

Form Type: DRS

Filing Date: 2025-04-22

Corporate Action: Ipo

Type: New

Accession Number: 000197925925000003

Filing Summary: First ShenZhen Securities Co., Ltd is initiating its initial public offering (IPO) of ordinary shares with an expected offering price of $5.00 per share. The company is set up as a holding firm incorporated in Hong Kong, with its primary operations conducted through subsidiaries in the People's Republic of China (PRC). This IPO aims to facilitate raising capital for Chinese companies seeking market access. The firm plans to apply for listing on the Nasdaq Global Market under the symbol FSZS and highlights the challenges and risks associated with its operations in China, particularly regulatory scrutiny and market competition. The document discusses financial disclosures expected during this offering and the implications of being classified as an 'emerging growth company', which allows First ShenZhen to benefit from reduced reporting requirements until certain financial thresholds are met. The prospectus also notes the risks of reliance on funding and rapid growth management.