02:09 PM EDT, 04/16/2024 (MT Newswires) -- Jialiang Holdings has registered to launch an initial public offering, according to a filing Tuesday with the US Securities and Exchange Commission.

The company, which said it plans to price the IPO at $5 per share, did not disclose the number of shares it plans to sell or the timing of the offering.

The shares would be traded under symbol JLJT on the Nasdaq, according to the filing.

Jialiang said it plans to use the proceeds to purchase equipment, invest in research and development, and cover operating expenses.