HUHUTECH International Group earned $16.7 million in revenue and $2.3 million in net income last year. Its market cap is $106 million.
Craft Capital Management and EF Hutton are the underwriters for the IPO.
For their IPO, HUHUTECH described themselves as follows: “We provide process and control systems and factory management solutions for semiconductor and electronics manufacturers. Our operations are based in China and Japan, and we are incorporated in the Cayman Islands. Through our subsidiaries, we offer high-purity gas and chemical conveyor systems and factory management and control systems. We serve various manufacturers, including semiconductors, LEDs, microelectronics, as well as some pharmaceutical and food companies.
Our high-purity gas conveyor system ensures contamination-free gas delivery, while our chemical conveyor system efficiently manages various chemicals for cleaning and processing. Our factory management control system monitors all aspects of a manufacturing facility through a centralized software platform. We work with established manufacturers in China, including Li Yi System Engineering and AUO Corporation.
Note: Revenue and net income are reported in U.S. dollars for the year ending December 31, 2023. HUHUTECH plans to offer 1.25 million shares priced between $4.00 and $6.00 to raise $6.25 million.
Founded in 2015, HUHUTECH employs 74 people and is located in Wuxi City, Jiangsu Province, China. Contact: 0510-88681689.
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