RETO Eco-Solutions, a Chinese supplier of eco-friendly construction materials, filed on Friday with the SEC to raise up to $14 million in an initial public offering.
The Beijing, China-based company plans to raise $14 million by offering 2.8 million shares at a price range of $4.50 to $5.50. At the midpoint of the proposed range, RETO Eco-Solutions would command a market value of $112 million.
RETO Eco-Solutions was founded in 1999 and booked $32 million in sales for the 12 months ended December 31, 2016. It plans to list on the Nasdaq under the symbol RETO. ViewTrade is the sole bookrunner on the deal. Timing has not been determined.
