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Huadi International Group Co, Ltd. Announces Pricing of $25 Million Initial Public Offering
Wenzhou, China, January 22, 2021/ -- Huadi International Group Co., Ltd. (“HUDI” or the “Company”) (NASDAQ: HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announced the pricing of its initial public offering of 3,125,000 ordinary shares at a public offering price of $8.00 per ordinary share, for total gross proceeds of $25 million before deducting underwriting discounts and commissions and offering expenses. The offering is being conducted on a firm commitment basis. The ordinary shares have been approved for listing on The Nasdaq Capital Market and are expected to commence trading today, January 22, 2021, under the ticker symbol “HUDI.”