Chongqing digital marketing company Haoyu Qin Cultural (NENG.US) IPO size increased by over 200%, planning to raise $28 million.
The number of shares issued by Chongqing Haoyu Qin Culture, a Chinese digital marketing company, for its IPO in the United States has more than doubled.
Chongqing Haoyu Qin Culture (NENG.US) raised the planned size of its upcoming IPO on Thursday. The company, based in Chongqing, now plans to raise $28 million by issuing 6.3 million shares at a price range of $4 to $5 per share. The company had previously filed for an IPO of 2 million shares at the same price range. Based on the mid-point price, the funds raised will increase by 213% from previous expectations, with a market value of $163 million (13% higher than previously expected).
Haoyu Qin Culture provides digital marketing solutions in China through its operational entities, serving clients in various industries. The company uses its self-developed "Lucky Short Video Intelligent Data Analysis System" to analyze the effectiveness of different visual elements in short video ads. It has established partnerships with leading media platforms such as Tencent and ByteDance through authorized third-party agents to advertise for its clients.
Founded in 2020, Haoyu Qin Culture generated revenue of $13 million in the 12 months ending March 31, 2025. The company plans to list on the Nasdaq under the stock symbol NENG. Pacific Century Securities is the sole underwriter for this transaction.
Related Articles
Angang Steel (00347) issues profit warning, expecting a net loss of approximately 2.047 billion yuan in the first half of the year, an increase of about 83.59% year-on-year.
BJ DIGITAL (06188): The board of directors has suspended Director Liu Donghai from all operational, administrative, and executive duties and powers in the company without knowing the details of the investigation.
AI computing power bottleneck migrating upstream! Behind Micron's investment in GlobalWafers: going from a "chip shortage" to a "silicon wafer grab" in the storage super cycle.
Angang Steel (00347) issues profit warning, expecting a net loss of approximately 2.047 billion yuan in the first half of the year, an increase of about 83.59% year-on-year.
BJ DIGITAL (06188): The board of directors has suspended Director Liu Donghai from all operational, administrative, and executive duties and powers in the company without knowing the details of the investigation.
AI computing power bottleneck migrating upstream! Behind Micron's investment in GlobalWafers: going from a "chip shortage" to a "silicon wafer grab" in the storage super cycle.
RECOMMEND
