Ossen Innovation, which manufactures customized prestressed steel materials in China, raised $23 million by offering 5 million ADSs at $4.50, below its modified range of $5-$6. The company had originally filed to sell 7 million ADSs at a range of $7-$9 before lowering its proposed deal size twice. Ossen Innovation plans to list on the NASDAQ under the symbol OSN. Global Hunter Securities and Knight Capital Markets acted as lead managers on the deal.
