Leizig Thermal Management, a China-based manufacturer of industrial climate control equipment, filed on Friday with the SEC to raise up to $8 million in an initial public offering.
The Guangzhou, China-based company plans to raise $8 million by offering 1.9 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Leizig Thermal Management would command a market cap of $59 million.
The company's products include cooling products, heat exchangers, ventilation equipment, electric cabinet heaters, enclosure lights, and dehumidifiers. Leizig serves industrial clients, including beverage products, automobile products, the electrical industry, and the machine tooling industries. Its products are built to order based on clients' specific needs. The company earns nearly all of its revenue from China.
The Guangzhou, China-based company was founded in 2009 and plans to list on the Nasdaq under the symbol LZIG. Revere Securities is the sole bookrunner on the deal.
