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Linkers Industries (LNKS) has successfully completed its initial public offering on the Nasdaq Capital Market, raising $7.6 million through the sale of 1,900,000 Class A ordinary shares at $4.00 per share. Trading began on December 5, 2024, under the symbol 'LNKS'. The company, a Malaysian wire/cable harnesses manufacturer with over 20 years of experience, plans to use the proceeds for strategic acquisitions, joint ventures, equipment purchases, global sales office expansion (particularly in the U.S.), and working capital. The underwriters have a 45-day option to purchase an additional 285,000 shares at the offering price.
Linkers Industries (LNKS), a Malaysian wire/cable harnesses manufacturer, has announced the pricing of its initial public offering of 1,900,000 Class A ordinary shares at $4.00 per share. Trading is set to commence on Nasdaq Capital Market on December 5, 2024.
The company plans to use the proceeds for strategic acquisitions, joint ventures within the wire/cable harnesses industry, equipment purchases, global marketing expansion (particularly in the U.S.), and working capital. Underwriters have a 45-day option to purchase an additional 285,000 shares at the offering price.
R. F. Lafferty & Co. serves as the lead underwriter, with Revere Securities as co-underwriter. The company specializes in customized wire harnesses for home appliances, industrial products, and automotive industries, primarily serving OEMs in the Asia Pacific region.
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