CCSC Technology International Holdings, a Hong Kong-based provider of electronic interconnect products, filed on Wednesday with the SEC to raise up to $13 million in an initial public offering.
The company plans to raise $13 million by offering 2.5 million shares at a price range of $4 to $6. At the midpoint of the proposed range, CCSC Technology International Holdings would command a market value of $63 million.
Through its operating subsidiaries in Hong Kong, mainland China, and the Netherlands, CCSC Technology designs, manufactures, and sells interconnect products, including connectors, cables, and wire harnesses. It specializes in customized interconnect products for a range of applications in industrial, automotive, and robotics products, among others.
CCSC Technology International Holdings was founded in 1993 and booked $29 million in revenue for the 12 months ended September 30, 2022. It plans to list on the Nasdaq under the symbol CCTG. The company filed confidentially on June 15, 2022. Joseph Stone Capital is the sole bookrunner on the deal.
