Li Bang International Corporation Inc. Announces Pricing of Initial Public Offering
Li Bang International Corporation Inc. - Ordinary Shares (LBGJ)
Company Research
Source: GlobeNewswire
Jiangyin, China, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Li Bang International Corporation Inc. (the “Company” or “Li Bang”), a company engaged in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China, today announced the pricing of its initial public offering (the “Offering”) of 1,520,000 ordinary shares at a public offering price of US$4.00 per ordinary share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on October 23, 2024, under the ticker symbol “LBGJ.” The Company expects to receive aggregate gross proceeds of US$6.08 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 228,000 ordinary shares, representing 15% of the ordinary shares sold in the Offering, at the public offering price less underwriting discounts. The Offering
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