Rubber Leaf, a Chinese supplier of automotive rubber and plastic sealing strips, filed on Friday with the SEC to raise up to $12 million in an initial public offering. The company is currently listed on the OTC under the symbol "RLEA."
Operating primarily through its subsidiary Rubber Leaf Sealing Products, the company specializes in the production and sale of automotive rubber and plastic sealing strips. Rubber Leaf acts as a supplier to several major auto original equipment manufacturers, including eGT New Energy Automotive and Volkswagen.
The Ningbo, China-based company was founded in 2019 and booked $9 million in revenue for the 12 months ended September 30, 2023. It plans to list on the Nasdaq under the symbol RLEA. Prime Number Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
