EShallGo, which sells and leases office equipment in China, raised $5 million by offering 1.3 million shares at $4, the low end of the range of $4 to $6.
Through its VIE and operating company Junzhang Shanghai, the company engages in office supply sale & leasing and after-sale maintenance & repair, serving as a dealer for nearly all the globally known office supply brands in China. It has established 155 service points with more than 1,000 technicians.
EShallGo plans to list on the Nasdaq under the symbol EHGO. Tiger Brokers and Kingswood Capital Markets acted as joint bookrunners on the deal.
