Julong Holding Ltd (NASDAQ: JLHL) made a remarkable entrance into the public markets on Thursday, with its stock price soaring 55.25% during intraday trading. The dramatic surge comes on the heels of the company's initial public offering (IPO), which was priced at $4 per share.

The Chinese company announced earlier that it had successfully priced its IPO of 1.25 million class A ordinary shares at $4 each, raising approximately $5 million. The shares began trading on the Nasdaq stock exchange under the ticker symbol "JLHL" on Thursday, marking a significant milestone for the company.

Investors' enthusiasm for Julong Holding Ltd was evident in the stock's performance, as it far outpaced its initial offering price. The strong debut suggests high market interest in the company and potentially positive sentiment regarding its future prospects. Additionally, the IPO's underwriter has been granted a 45-day option to purchase up to 187,500 additional shares, which could further impact the stock's performance in the coming weeks.