ZJK Industrial, a Chinese manufacturer of fasteners and other parts for electronic devices, raised $6 million by offering 1.25 million shares at $5.00, the midpoint of the range of $4.00 to $6.00.
ZJK Industrial priced and began trading on the Nasdaq on Monday under the symbol ZJK; the stock traded slightly above its offer price until end of day, when it settled down to $5.00. Cathay Securities, Revere Securities, and Dominari Securities acted as underwriters on the deal.
Operating through its consolidated subsidiaries in China, ZJK specializes in the manufacturing and sale of precision fasteners, structural parts, and other metal products used in various industries, such as new energy vehicles, circuit boards, and intelligent electronic equipment, such as mobile phones, smart watches, drones, and 5G communication base stations. Products include standard screws, precision screws and nuts, high-strength bolts, CNC machine parts, surface mounting products, and PVD products. The company produced approximately 4.4 billion precision metal parts in 2023 (+20% y/y), and generated $29 million in revenue.
