China Stainless Steel Producer HUADI INTERNATIONAL GROUP Files for $25 Million US IPO
Huadi International Group Co Ltd, a steel producer in China, has filed Form F-1 Registration Statement on September 18, 2020 with U.S Securities and Exchange Commission to raise up to $25 million IPO. Pricing terms are yet to announce.
The company is a leading manufacturer of industrial stainless-steel seamless pipes and tubes products with extensive distribution facilities and network for over 20 provinces in China. They also offered a broad range of products exported to 20 countries and regions
The Wenzhou, China-based company was founded in 2018 and booked $59 million in sales for the 12 months ended March 31, 2020. It plans to list on the Nasdaq Capital Market under the symbol “HUDI.” Craft Capital Management, R.F. Lafferty & Co. and Shengang Securities are the underwriters of the IPO.
The company engages Ortoli Rosenstadt LLP as US Securities Counsel, and Briggs & Veselka Co. as Independent Auditor.
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