Li Bang International, which manufactures commercial kitchen equipment in China, filed on Thursday with the SEC for a $17 million initial public offering.
The firm manufactures commercial kitchen equipment in China under the “Li Bang” brand. Through its subsidiaries, Li Bang also offers services such as commercial kitchen design, equipment installation, and after-sales maintenance. Li Bang's customer base consists of international hotels, companies, public institutions, educational institutions, hospitals, and other facilities.
The Jiangyin, China-based company was founded in 2007 and booked $16 million in revenue for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol LBGJ. Univest Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
