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Lianlian DigiTech Co Ltd

Lianlian DigiTech Co Ltd (Ticker: 2598 HK) is a Chinese fintech primarily engaged in providing digital payment solutions. It operates globally, with a significant presence in more than 100 countries and supports over 130 currencies. Lianlian DigiTech is known for its extensive partnership network with e-commerce platforms such as Amazon, Shopee, and Shopify. Additionally, the company collaborates with American Express affiliates in China through a venture named LianTong, offering payment intermediation services.

Lianlian DigiTech will list on March 28 in Hong Kong. The firm plans to sell 55.92 million shares at an expected price range of HKD 10.21 to HKD 10.95 (USD 1.30 to USD 1.40), aiming to raise up to HKD 612 million (USD 78.26 million). The offering is managed by ABCI Capital Ltd, BNP Paribas Securities Asia Ltd, Caitong International Securities Co Ltd, China Galaxy International Securities Hong Kong, among others. Proceeds from the IPO are intended for technological advancements and global business expansion, with a focus on building an advanced, modular distributed-payment platform, enhancing risk management through generative AI, and developing a scalable cloud-based data center.

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