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HomeLBGJ aims to raise $9M in IPO on October 23.

LBGJ aims to raise $9M in IPO on October 23.

Li Bang International Corporation Inc. (LBGJ) is planning to raise $9 million in an IPO on Wednesday, October 23rd, IPO Scoop reports. The company will be issuing 1,600,000 shares at $5.00-$6.00 per share. In the last 12 months, Li Bang International Corporation Inc. generated $9.7 million in revenue and had a net loss of $1.3 [...]

In the past year, Li Bang International Corporation Inc. earned $9.7 million but lost $1.3 million. The company has a market cap of $102.3 million.

Craft Capital Management and EF Hutton were the underwriters for their IPO.

Li Bang International Corporation Inc. was founded in the Cayman Islands on July 8, 2021, and operates in China. They design, produce, and sell stainless steel kitchen equipment under the brand “Libang.” Their products, which include cooking appliances and accessories, are used by various customers like hotels and institutions. They customize products based on specific project needs and have a production facility over 10,000 square meters with advanced technology.

As of December 31, 2023, the company’s revenue and net loss figures are reported. Li Bang is currently revising its IPO details, having reduced the share offering to 1.6 million shares with a price range of $5.00 to $6.00.

Li Bang was founded in 2007, employs 128 people, and is situated in Jiangsu Province, China. You can contact them at +86 0510-81630030 or visit their website at http://www.libangco.cn/.

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