QUANZHOU, China - INLIF LIMITED, a Chinese company specializing in the production of manipulator arms for injection molding machines, has announced the pricing of its initial public offering (IPO) at $4.00 per share. The company is offering 2,000,000 ordinary shares and expects to raise gross proceeds of $8 million. The shares are approved for listing on the Nasdaq Capital Market and will trade under the ticker symbol "INLF" starting January 2, 2025. According to InvestingPro data, the company enters the public markets with strong fundamentals, maintaining healthy liquidity with assets exceeding short-term obligations.
The closing of the offering is anticipated on or about January 3, 2025, contingent upon customary closing conditions. INLIF has also granted underwriters a 45-day option to purchase up to an additional 300,000 shares at the IPO price minus underwriting discounts.
INLIF intends to use the proceeds from the IPO for several strategic initiatives, including the construction of a 5G digital intelligent equipment production base and the establishment of 24 local marketing and service offices in the People’s Republic of China (PRC). Additionally, funds will be allocated to build an industrial robot and automation application technology research and development center, as well as to bolster the company’s working capital. InvestingPro analysis reveals the company operates with moderate debt levels and has maintained profitability over the last twelve months, positioning it well for these expansion plans.
The offering is being managed on a firm commitment basis by AC Sunshine Securities LLC, while Hunter Taubman Fischer & Li LLC and iTKG Law LLC serve as U.S. securities counsel to INLIF and the underwriter, respectively.
The registration statement for the IPO was filed with the U.S. Securities and Exchange Commission (SEC) and became effective on December 20, 2024. Prospective investors are advised to read the prospectus for more detailed information about INLIF and the offering.
INLIF, through its PRC operating entity Ewatt Robot Equipment Co. Ltd., has been operational since September 2016 and offers a wide range of manipulator arms developed in-house, along with installation, warranty services, and related accessories and materials. For detailed financial metrics and additional insights about INLIF’s market position, investors can access 7 more exclusive tips and comprehensive analysis through InvestingPro.
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