IPO - QQJ Inc.

Form Type: F-1/A

Filing Date: 2025-04-15

Corporate Action: Ipo

Type: New

Accession Number: 000121390025032169

Filing Summary: QQJ Inc. has filed an amendment to its registration statement for an initial public offering (IPO) of 2,250,000 ordinary shares, with a proposed price range between $4.00 and $5.00 per share. This is part of their effort to list on the Nasdaq under the symbol 'QQJ'. The company, incorporated in the Cayman Islands, indicates that it has no public market for its shares prior to this offering. The share issuance is contingent upon Nasdaq's final approval, and the offering is conducted on a firm commitment basis, solidifying the underwriters' obligation to purchase all shares offered. The listed shares will represent the ordinary shares of QQJ Inc., an offshore holding company, with operations primarily in China. The company intends to use the proceeds from the IPO for business expansion and has noted various risks related to regulatory compliance in its operations, particularly regarding its Variable Interest Entity (VIE) structure used for its business in China. As an emerging growth company, QQJ Inc. will benefit from reduced reporting requirements.