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Leishen Energy Holding, a Chinese clean-energy equipment provider for the oil and gas industry, has announced the pricing of its initial public offering of 1,375,000 ordinary shares at $4.00 per share. The company expects to raise $5.5 million in gross proceeds and will begin trading on the Nasdaq Capital Market on December 19, 2024, under the symbol 'LSE'.
The underwriters have a 45-day option to purchase up to 206,250 additional shares. Proceeds will fund the construction of a high-tech manufacturing park in Nanjing, establish an R&D center, purchase equipment and technologies, expand presence in PRC Southwest oil and gas market, and strengthen working capital. The offering is expected to close on December 20, 2024.
