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Libang Kitchenware (LBGJ.US) broke down perspective: price reduction to seek market growth risks emerging, stable gross margin becoming a bright spot in business.
Can the strong momentum in the commercial kitchen equipment market restore investor confidence?
Express News | Libang International opened at $4.70, with an IPO price of $4.
Libon kitchenware (LBGJ.US) reduces the proposed trade size for IPO and now plans to issue 1.6 million shares.
Zhixun Finance App learned that on Tuesday, China's commercial kitchen equipment manufacturer, Libon Cookware Co., Ltd. lowered the proposed trading scale of its upcoming IPO. The company, headquartered in Jiangyin, Wuxi, Jiangsu, China, now plans to raise US$9 million by issuing 1.6 million shares at a price between US$5 and US$6. The company originally planned to issue 5 million shares at a price between US$4 and US$6. At the revised midpoint of the price range, Libon Cookware will raise 65% less funding than previously expected. Libon Cookware was founded in 2007 and as at December 31, 2023, its revenue reached 100.
LBGJ.US (LBGJ.US) was listed on the NASDAQ and was registered by the China Securities Regulatory Commission
On April 22, the China Securities Regulatory Commission issued a filing notice on the overseas issuance and listing of Li Bang International Corporation Inc. (Li Bang International Co., Ltd.). The company intends to issue no more than 5750,000 common shares and list it on the US NASDAQ stock exchange.
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