Huadi International Group Co., Ltd.

Huadi International Group Co., Ltd. (HUDI) priced its initial public offering on Jan 22, 2021 at $8.00 per share, raising $25M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $105M. Craft Capital was lead-left underwriter, joined by R.F. Lafferty and Valuable Capital. Ortoli Rosenstadt, Ogier, Grandall and Grandway Law Offices advised the company and Bevilacqua advised the underwriters.

Huadi International Group Co., Ltd. is a Cayman Islands company that operates through Huadi Steel Group, established in 1998 in China. It develops, manufactures and sells industrial stainless steel seamless pipes, tubes and bar, distributed across over twenty Chinese provinces and exported to about twenty countries.

Status

IPO

Ticker

HUDI

Exchange

Nasdaq Capital Market

Priced

Jan 22, 2021

IPO price

$8.00

Raised

$25M

Market cap at IPO price

$105M

First filed

Sep 18, 2020

Underwriters

Craft Capital, R.F. Lafferty and Valuable Capital

Company counsel

Ortoli Rosenstadt, Ogier, Grandall and Grandway Law Offices

Underwriters' counsel

Bevilacqua

Sector

Industrials & materials

Country / state

China

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.