Leishen Energy Holding, a Chinese provider of equipment and technical services for oil and gas companies, filed on Tuesday with the SEC to raise up to $6 million in an initial public offering.
The Beijing, China-based company plans to sell 1.4 million shares at a range of $4-$5 per share. At the midpoint, it would command a market cap of $76 million.
Leishen provides a variety of products to oil and gas companies, including compressor units, wellhead heating systems, and oil-water separation systems. It also offers services, such as the design and customization of pressurization gas injection units, equipment leasing, maintenance, and marketing of liquefied natural gas. Although it has historically mostly served Chinese companies, it began recognizing revenue from Kazakhstan and Indonesia in 2024.
The Beijing, China-based company was founded in 2007 and plans to list on the Nasdaq under the symbol LSE. Pacific Century Securities is the sole bookrunner on the deal.
