Luda Technology Group Limited Announces Closing of the Underwriter’s Over-Allotment Option in Connection with its Initial Public Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 07 2025
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Source: Globenewswire
Company Announcement: Luda Technology Group Limited has successfully closed the sale of an additional 190,000 ordinary shares at $4.00 per share, raising a total of $10,760,000 from its initial public offering (IPO) and over-allotment option.
Company Background: Luda Technology is a manufacturer and trader of stainless steel and carbon steel flanges and fittings, with over 20 years of operational history and a sales network spanning multiple continents.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
