Yulong Eco-Materials, a Chinese producer of fly-ash bricks and concrete used in commercial and residential construction, filed on Friday with the SEC to raise up to $10 million in an initial public offering.
The Pingdingshan, China-based company, which was founded in 2011 and booked $45 million in sales for the 12 months ended September 30, 2014, plans to list on the NASDAQ. Yulong Eco-Materials initially filed confidentially on May 9, 2014. Cuttone & Co. and Axiom Capital Management are the joint bookrunners on the deal. No pricing terms were disclosed. It has not selected a ticker symbol.
Correction: An earlier version of this story reported that the company filed to raise up to $100 million.
