Renaissance Capital logo

Chinese software firm 3 E Network Technology prices US IPO at the $4 low end

January 8, 2025
3 E Network Technology Group logo

3 E Network Technology Group, a Chinese provider of software primarily for property and restaurant management applications, raised $5 million by offering 1.3 million shares at $4, the low end of the range of $4 to $6.

Because the company has a market cap of less than $50 million at pricing, 3 E Network Technology will be excluded from Renaissance Capital's 2025 IPO stats.

3 E Network Technology is a business-to-business IT business solutions provider. Operating through its PRC subsidiaries, the company's two main lines of business are software development, which accounts for a majority of revenue, and exhibition and conference. It offers integrated software solutions for a variety of industries and sectors, including food establishments, real estate, exhibition & conferencing, and clean energy utilities, though its main products under its custom software solutions offering include software products developed for property and restaurant management companies.

3 E Network Technology Group plans to list on the Nasdaq under the symbol MASK. Craft Capital Management and Boustead Securities acted as joint bookrunners on the deal.