EShallGo Inc Successfully Listed on the NASDAQ Capital Market (NASDAQ: EHGO)
Industry: Business Services & Supply Chain Solutions
Listing Date: July 2, 2024, NASDAQ
Fundraising Amount: USD 50 million
Partners: Tiger Brokers, Kingswood Capital Partners
Yang Kang Capital successfully assisted EShallGo Inc. (EHGO) in officially listing on the NASDAQ Capital Market in July 2024, raising USD 50 million. This achievement highlights the growth potential of Asian smart office solution providers in the global market. EShallGo focuses on offering an all-in-one office equipment leasing and supply chain service platform, integrating hardware leasing, warehousing logistics, and maintenance management to enhance operational efficiency and cost-effectiveness for businesses. The company issued 1,250,000 ordinary shares at a price of USD 4 per share, further strengthening its global operations foundation.
Through this fundraising, EShallGo is actively expanding its overseas presence by establishing a subsidiary, EShallGo USA, in California as its North American operations hub. This branch will oversee localized sales, customer service, and logistics. The company is also investing in platform upgrades, enhancing features such as product tracking, customized quotations, and real-time maintenance dispatch, aiming to improve service efficiency and customer experience. Additionally, EShallGo is launching strategic partnerships with major tech and e-commerce platforms to deepen integration within the commercial hardware supply chain and build a flexible, real-time, high-quality international service capacity. Looking ahead, the company will continue to drive innovation through technology and strive to become a global leader in smart office solutions.