IPO - Lianhe Sowell International Group Ltd
Form Type: 424B4
Filing Date: 2025-04-04
Corporate Action: Ipo
Type: New
Accession Number: 000121390025028729
Filing Summary: Lianhe Sowell International Group Ltd is conducting an initial public offering (IPO) of 2,000,000 ordinary shares at a price of $4.00 per share, with an expected total offering size of $8 million. The shares will be listed on The Nasdaq Capital Market under the symbol 'LHSW'. The company is a Cayman Islands exempted company with its primary operations in China, primarily through its PRC subsidiaries. This IPO marks the first public offering of its shares, with no prior market existing for these securities. The document highlights the regulatory environment affecting Chinese companies seeking to list overseas and outlines the associated risks, such as recent regulations imposed by the China Securities Regulatory Commission (CSRC) regarding overseas listings. The company has received necessary approvals from the CSRC and plans to fulfill ongoing regulatory requirements as they seek to attract overseas investors. Additionally, relevant risks related to compliance with PRC regulations, foreign currency conversion, and potential changes governing overseas listings are discussed. The proceeds from the IPO will primarily fund further business expansion within its PRC subsidiaries, with no dividends expected for U.S. investors in the near future.
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Additional details:
Underwriting Discount: 0.3
Total Proceeds: 7,400,000
Initial Public Offering Price: 4.00
Shares Offered: 2,000,000
Symbol: LHSW
Listing Market: Nasdaq Capital Market
Form Type: F-1/A
Filing Date: 2025-03-24
Corporate Action: Ipo
Type: New
Accession Number: 000101376225001647
Filing Summary: Lianhe Sowell International Group Ltd is conducting its initial public offering (IPO) of 2,000,000 ordinary shares at an expected price ranging from $4.00 to $5.00 per share. This offering is registered under the U.S. Securities and Exchange Commission and is designated as an emerging growth company. The company is based in the Cayman Islands and primarily operates in China through several subsidiaries. There is an interesting organizational structure where investors will hold shares in the holding company rather than directly in the operating entities. The company anticipates using proceeds from this offering for business expansion and operations within China. Recent regulatory changes in China concerning overseas listings could impact this offering and future fundraising activities. Additionally, the company has submitted filings per new administrative rules governing overseas listings and received acknowledgment from the China Securities Regulatory Commission (CSRC) for compliance. The offering is contingent on listing on the Nasdaq Capital Market under the symbol “LHSW.”
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Additional details:
Primary Office Address: Shenzhen Integrated Circuit Design Application Industry Park, Unit 505-3 Chaguang Road No. 1089 Nanshan District, Shenzhen, China
Underwriting Discounts And Commissions: $675,000
Proceeds Before Expenses: $8,325,000
Form Type: F-1/A
Filing Date: 2025-02-14
Corporate Action: Ipo
Type: New
Accession Number: 000121390025014454
Filing Summary: Lianhe Sowell International Group Ltd is filing an amendment to its registration statement for an initial public offering (IPO) of 2,000,000 ordinary shares priced between $4.00 and $5.00 per share, intending to list on Nasdaq under the symbol 'LHSW'. This marks the company's first public offering. As an emerging growth company, it is subject to reduced reporting requirements. The company, based in the Cayman Islands, operates principally through subsidiaries in China, which may present regulatory challenges. The proceeds from the IPO are earmarked for expanding business operations in China but may face restrictions due to PRC regulations on foreign capital. Prior to this offering, no public market existed for its shares.
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Additional details:
Initial Public Offering Price: 4.50
Total Initial Public Offering Amount: 9000000
Underwriting Discounts And Commissions: 675000
Proceeds Before Expenses: 8325000
Dividend Policy: No dividends are expected to be paid in the foreseeable future; future earnings will be reinvested.
Primary Operating Entities: Shenzhen Sowell, Sowell Precision Shenzhen, Sowell Precision Hangzhou, Shenzhen Sowell Digital, Wuxi Sowell, Shenzhen Aiyin, Suzhou Sowell, Anhui Sowell
Form Type: F-1/A
Filing Date: 2025-02-04
Corporate Action: Ipo
Type: New
Accession Number: 000121390025009950
Filing Summary: Lianhe Sowell International Group Ltd is conducting its initial public offering (IPO) of 2,000,000 ordinary shares at an expected price ranging from $4.00 to $5.00 per share. The offering is on a firm commitment basis with an overallotment option. The company is incorporated in the Cayman Islands, with its primary business operations conducted through several subsidiaries in China. As an emerging growth company, it will face reduced reporting requirements. The offering's proceeds are intended for operational expansion in China, with no dividends anticipated in the near future. The offering is subject to regulations from the China Securities Regulatory Commission (CSRC), which recently introduced new rules impacting overseas listings. The company has completed the necessary filings with the CSRC but acknowledges the potential regulatory risks involved in future offerings. Application for listing on the Nasdaq Capital Market under the symbol 'LHSW' has been made, although the offering depends on this listing being successful. Underwriting discounts and commissions amount to 7.5% of the offering price, with a projected gross proceeds of around $8,325,000 before expenses.
Document Link: View Document
Additional details:
Initial Public Offering Price: $4.50
Total Initial Public Offering Price: $9,000,000
Underwriting Discounts And Commissions: $0.3375
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