RSS Leishen Energy Prices IPO Of 1.38 Mln Shares At $4.00/shr

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 RSS Leishen Energy Prices IPO Of 1.38 Mln Shares At $4.00/shr

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Leishen Energy Holding Co., Ltd. (known as LSE), a prominent Chinese company specializing in clean-energy equipment and comprehensive solutions for the oil and gas sector, has announced the pricing of its initial public offering. The offering includes approximately 1.38 million ordinary shares, priced at $4.00 per share.

These shares are slated to begin trading on the Nasdaq Capital Market on December 19, 2024, under the ticker symbol "LSE."

The company anticipates gross proceeds of $5.50 million from this offering, prior to the deduction of underwriting discounts, commissions, and other expenses related to the offering. Furthermore, LSE has extended a 45-day option to the underwriters to purchase up to an additional 206,250 shares at the offering price, excluding the underwriting discount.

The net proceeds from this offering are earmarked for multiple purposes: developing a high-tech manufacturing industrial park within the Nanjing Lishui High-tech Development Zone, establishing a smart manufacturing and new energy research and development center, acquiring business equipment and patented technologies, enhancing their market presence in the Southwest oil and gas territory of China, and reinforcing working capital.

The offering is anticipated to finalize on December 20, 2024.

The material has been provided by InstaForex Company - www.instaforex.com
 
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