Luda Technology Group Limited Announces Closing of Initial Public Offering
Luda Technology Group (LUD), a veteran manufacturer and trader of stainless steel and carbon steel flanges and fittings with over 20 years of operation, has successfully completed its Initial Public Offering (IPO). The company issued 2,500,000 Ordinary Shares at $4.00 per share, raising total gross proceeds of $10.0 million before deducting underwriting discounts and offering expenses.
Trading of LUD shares commenced on the NYSE American on February 27, 2025. Revere Securities served as the primary underwriter, while Pacific Century Securities, acted as co-manager for the offering.
Luda Technology Group (LUD), un'azienda esperta nella produzione e commercio di flange e raccordi in acciaio inossidabile e in acciaio al carbonio con oltre 20 anni di attività, ha completato con successo la sua Offerta Pubblica Iniziale (IPO). L'azienda ha emesso 2.500.000 Azioni Ordinarie a 4,00 $ per azione, raccogliendo un totale di 10,0 milioni di dollari prima della detrazione degli sconti per sottoscrizione e delle spese di offerta.
Il trading delle azioni LUD è iniziato sul NYSE American il 27 febbraio 2025. Revere Securities ha svolto il ruolo di principale sottoscrittore, mentre Pacific Century Securities ha agito come co-manager per l'offerta.
Luda Technology Group (LUD), un fabricante y comerciante veterano de bridas y accesorios de acero inoxidable y acero al carbono con más de 20 años de operación, ha completado con éxito su Oferta Pública Inicial (IPO). La empresa emitió 2.500.000 Acciones Ordinarias a 4,00 $ por acción, recaudando un total de 10,0 millones de dólares antes de deducir los descuentos de suscripción y los gastos de oferta.
El comercio de acciones de LUD comenzó en el NYSE American el 27 de febrero de 2025. Revere Securities actuó como el suscriptor principal, mientras que Pacific Century Securities actuó como coadministrador de la oferta.
Luda Technology Group (LUD), 스테인리스 스틸 및 탄소강 플랜지와 피팅의 노련한 제조업체이자 거래업체로 20년 이상의 운영 경험을 보유하고 있으며, 성공적으로 기업공개(IPO)를 완료했습니다. 이 회사는 2,500,000 보통주를 주당 4.00 달러에 발행하여, 인수 수수료와 공모 비용을 공제하기 전 1천만 달러의 총 수익을 올렸습니다.
LUD 주식의 거래는 2025년 2월 27일 NYSE American에서 시작되었습니다. Revere Securities가 주요 인수자로 활동했으며, Pacific Century Securities가 공동 관리자로 참여했습니다.
Luda Technology Group (LUD), un fabricant et commerçant vétéran de brides et de raccords en acier inoxydable et en acier au carbone avec plus de 20 ans d'expérience, a réussi à réaliser son Offre Publique Initiale (IPO). L'entreprise a émis 2.500.000 Actions Ordinaires à 4,00 $ par action, levant un total brut de 10,0 millions de dollars avant déduction des remises de souscription et des frais d'offre.
Le trading des actions de LUD a commencé sur le NYSE American le 27 février 2025. Revere Securities a été le principal souscripteur, tandis que Pacific Century Securities a agi en tant que co-manager pour l'offre.
Luda Technology Group (LUD), ein erfahrener Hersteller und Händler von Flanschen und Fittings aus Edelstahl und Kohlenstoffstahl mit über 20 Jahren Erfahrung, hat erfolgreich sein Initial Public Offering (IPO) abgeschlossen. Das Unternehmen hat 2.500.000 Stammaktien zu einem Preis von 4,00 $ pro Aktie ausgegeben und dabei insgesamt 10,0 Millionen Dollar vor Abzug von Underwriting-Rabatten und Emissionskosten erzielt.
Der Handel mit LUD-Aktien begann am NYSE American am 27. Februar 2025. Revere Securities fungierte als Hauptunterzeichner, während Pacific Century Securities als Co-Manager für das Angebot tätig war.
- Successfully completed IPO raising $10M in gross proceeds
- Listed on major exchange NYSE American
- 20+ years operational history in steel products
- Small IPO size of only $10M
- Proceeds subject to reduction from underwriting discounts and expenses
Insights
Luda Technology Group's $10 million IPO represents a strategic entry into US capital markets after 20 years of private operations. The 2.5 million shares at $4.00 each creates a relatively small float on the NYSE American exchange, which typically hosts smaller companies with less stringent listing requirements than the main NYSE.
The modest offering size positions LUD firmly in the small-cap category, which typically exhibits different risk-return characteristics than larger listings. This capital raise appears calibrated for specific growth initiatives rather than representing a transformative financing event. The selection of boutique investment banks (Revere Securities as lead underwriter with Pacific Century Securities as co-manager) aligns with the offering size and targeted approach.
As a Hong Kong-based manufacturer listing in the US, investors should note the regulatory complexity evidenced by the engagement of multiple legal firms across different jurisdictions (US, Hong Kong, PRC, and Cayman Islands). This multi-jurisdictional structure is typical for foreign issuers and introduces specific reporting and compliance considerations.
With just one day of trading history at announcement time, price discovery and trading patterns remain in early development. The steel flanges and fittings sector in which LUD operates is generally characterized by steady demand from industrial infrastructure projects, though with exposure to cyclical end markets.
Luda's core business in stainless and carbon steel flanges and fittings places them in a critical node of industrial supply chains. These components serve as essential connection points in piping systems across multiple sectors including petrochemical, water treatment, construction, and manufacturing infrastructure.
With a 20-year operational history, LUD has demonstrated staying power in a component sector where quality certifications, manufacturing precision, and supply reliability typically differentiate competitors. The steel components industry generally operates with established procurement channels where reputation and consistent delivery performance matter significantly.
The NYSE American listing provides LUD with enhanced visibility among US-based industrial customers and potential strategic partners. For industrial component manufacturers, public market access can strengthen credibility with larger customers who favor financially transparent suppliers for critical infrastructure components.
While the announcement describes LUD as a "leading manufacturer," investors should note this is a fragmented global market with numerous regional specialists competing alongside multinational corporations. The relatively modest $10 million raise suggests targeted expansion rather than major capacity additions. For context, manufacturing equipment for precision steel components requires significant capital investment, so this funding likely addresses specific growth bottlenecks rather than comprehensive facility expansion.
Hong Kong, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Luda Technology Group Limited (“LUD” or the “Company”), a leading manufacturer and trader of stainless steel and carbon steel flanges and fittings products with an operation history of over 20 years, today announced the closing of its previously announced initial public offering of an aggregate 2,500,000 Ordinary Shares (“the Offering”) at a price of
The shares began trading on the NYSE American on February 27, 2025, under the symbol "LUD".
Revere Securities LLC (“Revere”), a full-service broker/dealer, acted as the primary underwriter for the Offering. Pacific Century Securities, LLC (“PCS”), a full-service broker/dealer, acted as the co-manager for the Offering. Loeb & Loeb LLP, CLKW Lawyers LLP in association with Michael Li & Co., China Commercial Law Firm and Conyers Dill & Pearman are acting as U.S., Hong Kong, PRC and Cayman Islands legal counsels to the Company, respectively. ZH CPA, LLC is acting as the reporting accountants of the Company. VCL Law LLP is acting as U.S. legal counsels to Revere and PCS for the Offering.
The Offering is being conducted pursuant to the Company’s registration statement on Form F-1 (File No. 333-283680), as amended, previously filed with, and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on February 26, 2025. The Offering is being made only by means of a prospectus, forming part of the registration statement. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. Copies of the final prospectus related to the Offering may be obtained, when available, from Revere Securities LLC, 560 Lexington Ave 16th floor, New York, NY, 10022, by phone at +1 212 688 2350 or by email at syndicate@reveresecurities.com or Pacific Century Securities, LLC, 60-20 Woodside Avenue Ste 211, Queens, NY 11377, by phone at +1 212 970 8868 or by email at info@pcsecurities.us. In addition, a copy of the final prospectus, when available, relating to the Offering may be obtained via the SEC’s website at www.sec.gov.
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Luda Technology Group Limited
We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. Our history began with Luda HK which was incorporated in Hong Kong in 2004 and is principally engaged in the trading of steel flanges and fittings. In 2005, the Company’s business expanded further upstream when Luda PRC was set up to commence the manufacturing of flanges and fittings with self-owned factory in China. We have established an operation history of over 20 years. We are principally engaged in (i) the manufacture and sale of stainless steel and carbon steel flanges and fittings products; and (ii) trading of steel pipes, valves, and other steel tubing products. We are headquartered in Hong Kong with manufacturing base in Taian City, Shandong Province of the PRC. Our sales network comprises customers from China, South America, Australia, Europe, Asia (excluding China) and North America and our customers comprise manufacturers and traders from the chemical, petrochemical, maritime and manufacturing industries. For more information, please visit https://www.ludahk.com/en
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Luda Technology Group Limited specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
For more information, please contact:
Luda Technology Group Limited Investor Relations Contact:
Unit H, 13/F, Kaiser Estate Phase 2,
47-53 Man Yue Street, Hung Hom, Kowloon,
Hong Kong SAR, China
Phone: (+852) 2994 8774
Email: ir@ludahk.com
Underwriters Inquiries:
Revere Securities LLC
560 Lexington Ave 16th floor, New York, NY, 10022
Phone: +1 212 688 2350
Email: syndicate@reveresecurities.com
Pacific Century Securities, LLC
Francis Ong, CEO – Investment Banking
60-20 Woodside Avenue Ste 211, Queens, NY 11377
Phone: +1 212 970 8868
Email: info@pcsecurities.us
FAQ
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