Linkers Industries, a Malaysian manufacturer and supplier of wire/cable harnesses, filed on Tuesday with the SEC to raise up to $11 million in an initial public offering.
Linkers had previously filed for a US IPO in December 2023 (LNKS.X), but withdrew the offering this past Friday.
The Sungai Petani, Malaysia-based company plans to raise $11 million by offering 2.2 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Linkers Industries would command a market value of $67 million.
Through its operating subsidiary, Linkers Industries manufactures and supplies wire/cable harnesses, which are wires/cables bound together with straps, cable ties, and electrical tapes to transmit signals or electrical power. Its customers include global brand name manufacturers and original equipment manufacturers in the home appliances, industrial products, and automotive industries that are mainly based in the Asia Pacific Region.
Linkers Industries was founded in 1995 and booked $6 million in revenue for the 12 months ended December 31, 2023. It plans to list on the Nasdaq under the symbol LNKS. Revere Securities and R.F. Lafferty & Co. are the joint bookrunners on the deal.
