Electronic industry services provider JLC Technology has listed on the SZSE main board on 4 August, raising around RMB4.69 billion (USD 695 million). Sundial Law Firm and Zhong Lun Law Firm provided legal support.
The company issued 55.56 million shares at RMB84.46 each. On debut, the stock opened at RMB234.35, up about 177.47% from the issue price, giving the company a market capitalisation of more than RMB110 billion.
Cornerstone investors included Kingboard, CATL, Qianhai Hongsheng Entrepreneurship Investment and Sigenergy.
Sundial acted as the JLC’s legal counsel, led by senior partner Ma Yunyan, with partner Dong Chu principally responsible for the matter. Zhong Lun advised the sponsor, Guotai Haitong Securities, with partner Deng Lei acting on the mandate.
The prospectus stated that the proceeds would primarily be used to develop production lines for high-layer printed circuit boards (PCBs) and intelligent PCB assembly, upgrade the company’s R&D centre and information systems, expand its intelligent electronic components centre and product lines, and build production facilities for its mechanical industry supply chain.
Headquartered in Shenzhen, JLC is an infrastructure service provider for the electronics and mechanical industries, focusing on prototype and small-batch production. Its sales model is centred on an online self-service ordering platform.
The company was founded in 2006 by brothers Ding Hui and Ding Huixiang, together with Yuan Jiangtao. Starting from a one-metre counter in Shenzhen’s Huaqiangbei electronics market, a massive subdistrict known for selling cheap electronics, the three founders gradually built the business into a manufacturing platform serving the electronics industry.
JLC’s businesses span industrial software, PCB manufacturing, electronic component trading and electronic assembly services. Its products are used across emerging industries including artificial intelligence, semiconductor chips, new energy vehicles, aerospace and robotics.
