Welcome to our dedicated page for Luda Technology Group news (Ticker: LUD), a resource for investors and traders seeking the latest updates and insights on Luda Technology Group stock.
Luda Technology Group Limited manufactures and trades stainless steel and carbon steel flanges and fittings, and trades steel pipes, valves and other steel tubing products. Its operating profile combines Hong Kong trading activities with PRC manufacturing through Luda (Taian) Industrial Company Limited, serving customers in China, South America, Australia, Europe, Asia outside China and North America.
Company announcements commonly address annual results, ordinary-share capital actions following its public offering, short-term investment activity, and responses to market-action inquiries under NYSE American rules. Operational updates also focus on intelligent manufacturing, green manufacturing, specialty-material flanges and pipe fittings for maritime uses, and demand tied to petrochemical, refining, pipeline and urban infrastructure projects.
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), a manufacturer of stainless and carbon steel flanges with 20+ years of operation, has announced the pricing of its Initial Public Offering (IPO). The company is offering 2,500,000 ordinary shares at $4.00 per share, expecting to raise $10 million.
Trading will commence on the NYSE American under symbol 'LUD' on February 27, 2025. The offering includes a 45-day over-allotment option for an additional 375,000 shares, potentially increasing gross proceeds to $11.5 million before deductions.
Revere Securities serves as primary underwriter, with Pacific Century Securities as co-manager. The offering is expected to close around February 28, 2025, subject to customary conditions.