Luda Technology Group, a Chinese manufacturer of stainless and carbon steel flanges and fittings products, withdrew its plans for an initial public offering on Friday. It had most recently filed to raise $10 million by offering 2.5 million shares at $4.
The Hong Kong-based company was founded in 2004 and booked $51 million in revenue for the 12 months ended December 31, 2023. It had planned to list on the NYSE American under the symbol LUD. Revere Securities and Pacific Century Securities were set to be the joint bookrunners on the deal.
