Leishen Energy Holding, a Chinese provider of equipment and technical services for oil and gas companies, raised $6 million by offering 1.4 million shares at $4, the low end of the range of $4 to $5.
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.
Leishen Energy Holding plans to list on the Nasdaq under the symbol LSE. Dominari Securities acted as sole bookrunner on the deal.
