INLIF, a Chinese producer of industrial manipulator arms for injection molding, filed on Tuesday with the SEC to raise up to $10 million in an initial public offering.
The Nan'an, China-based company plans to raise $10 million by offering 2 million shares at a price range of $4 to $6. At the midpoint of the proposed range, INLIF would command a market value of $73 million.
Through its operating entity, the company engages in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms. Its product portfolio includes transverse single and double-axis manipulator arms, transverse and longitudinal multi-axis manipulator arms, and large bullhead multi-axis manipulator arms. The company also provides installation and warranty services, as well as accessories and raw materials for manipulator arms.
INLIF was founded in 2016 and booked $13 million in revenue for the 12 months ended December 31, 2023. It plans to list on the Nasdaq under the symbol INLF. The company filed confidentially on November 6, 2023. Univest Securities is the sole bookrunner on the deal.
