Li Bang International Corp Inc.

Li Bang International Corp Inc. (LBGJ) priced its initial public offering on Oct 22, 2024 at $4.00 per share, raising $6.1M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $74.1M. Craft Capital was lead-left underwriter, joined by EF Hutton. Ortoli Rosenstadt and Mourant advised the company and Dentons and Sichenzia Ross Ference Carmel advised the underwriters.

Li Bang International Corp Inc. is a holding company operating through PRC subsidiaries, including Wuxi Li Bang, which holds a national production license for gas stoves and a qualification for gas burner installation and maintenance.

Status

IPO

Ticker

LBGJ

Exchange

Nasdaq Capital Market

Priced

Oct 22, 2024

IPO price

$4.00

Raised

$6.1M

Market cap at IPO price

$74.1M

First filed

Jan 27, 2022

Underwriters

Craft Capital and EF Hutton

Company counsel

Ortoli Rosenstadt and Mourant

Underwriters' counsel

Dentons and Sichenzia Ross Ference Carmel

Sector

Industrials & materials

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