CLPS’ JAJI Global files registration statement for proposed IPO

CLPS (CLPS) announced that its majority-owned subsidiary, JAJI Global, has filed a registration statement on Form F-1 with the U.S. SEC relating to a proposed initial public offering of JAJI’s ordinary shares. Following the offering, CLPS expects to hold a significant voting interest in JAJI along with a corresponding economic interest in its subsidiaries. The number of shares to be offered and the price range for the offering have not yet been determined. JAJI intends to list its common stock on The Nasdaq Capital Market. According to the F-1, JAJI currently has a total share capital of 10M shares, of which CLPS holds 60%. The funds raised from this IPO will primarily be used for product development, mergers and acquisitions, global expansion, and company operations to drive JAJI’s sustained growth. Aegis Capital will be acting as the sole underwriter and book-runner for the proposed offering.