HUHUTECH International Group, a China-based provider of factory facility management and monitoring systems, raised $4 million by offering 1.1 million shares at $4, the low end of the range of $4 to $6. The Wuxi, China-based company had originally planned to offer 1.3 million shares.
Note: Because HUHUTECH raised less than $5 million, it will not be included in Renaissance Capital's 2024 US IPO stats and screens.
Operating in China and Japan, HUHUTECH provides process and control systems as well as factory management solutions for industrial clients, primarily semiconductor and electronics manufacturers. Its core offerings include high-purity gas and chemical conveyor systems, which ensure the delivery of contaminant-free gases and chemicals used in semiconductor production. HUHUTECH also develops comprehensive factory monitoring solutions that integrate various subsystems to provide centralized control and management of manufacturing facilities.
HUHUTECH International Group plans to list on the Nasdaq under the symbol HUHU. Craft Capital Management acted as lead underwriter on the deal, with EF Hutton acting as co-underwriter.
