Luda Technology Group earned $51.4 million in revenue and $3 million in net income over the past year, with a market cap of $90 million.
Pacific Century Securities and Revere Securities underwrote their IPO.
Luda Technology Group manufactures and trades stainless and carbon steel flanges and fittings. Founded in 2004 in Hong Kong, they expanded into manufacturing in China in 2005, and have over 20 years of operational experience. Their products are sold globally to customers in industries such as chemical, petrochemical, maritime, and manufacturing. (Net income and revenue data are for the year ending Dec. 31, 2023. The IPO filing on Sept. 20, 2024, included plans to sell 2.5 million shares at $4.00 to raise $10 million.)
Based in Hong Kong, Luda Technology Group has 159 employees and is located at Unit H, 13/F, Kaiser Estate Phase 2, 47-53 Man Yue Street, Hung Hom, Kowloon. They can be contacted at +852 2994 8774 or via their website at www.ludahk.com.
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