Luda Technology Group Ltd

Luda Technology Group Ltd (LUD) priced its initial public offering on Feb 27, 2025 at $4.00 per share, raising $10M, and listed on NYSE American. At the IPO price its market capitalization was about $90M. Loeb & Loeb, CLKW Lawyers and Conyers Dill & Pearman advised the company and Pacific Century Securities, VCL Law, China Commercial Law Firm and Zhong Lun advised the underwriters.

Luda Technology Group Ltd manufactures and sells stainless steel and carbon steel flanges and fittings, and also trades steel pipes, valves and other tubing products. It is headquartered in Hong Kong, with a manufacturing base in Taian City, Shandong Province, China.

Status

IPO

Ticker

LUD

Exchange

NYSE American

Priced

Feb 27, 2025

IPO price

$4.00

Raised

$10M

Market cap at IPO price

$90M

First filed

Mar 4, 2024

Company counsel

Loeb & Loeb, CLKW Lawyers and Conyers Dill & Pearman

Underwriters' counsel

Pacific Century Securities, VCL Law, China Commercial Law Firm and Zhong Lun

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.