Grandall Law FirmRelease Date: 2021-07-13
Sentage Holdings Inc., the overseas holding parent company of Shanghai Sentage Technology, was listed on the NASDAQ Stock Exchange on July 9, 2021 (US TIME), with the stock code “SNTG”. The issue price was USD 5 per share and up to USD 42.99 per share on the first day, increasing 760% from the issue price.
Sentage Technology, a financial services provider, offers a full range of financial services in China, including consumer loan repayment and collection management, loan referral and prepayment network services. The proceeds from the offering will be used to acquire entities and businesses similar to the Company's business, for general business operations, to fund the development of the loan referral business, prepayment network service, and the consumer loan repayment and collection management service.
Grandall Shanghai Office has been retained as the Chinese legal advisor for the issuer, with its rich experience accumulated in the field of overseas capital market with LIU Wei (managing partner), ZHOU Ruoting (partner), and TANG Yixin as key lawyers serving the case.