INLIF Ltd. (INLF), the holding company of a Chinese manufacturer and supplier of manipulator arms for injection molding machines, priced its micro-cap IPO at $4.00 – the low end of its $4.00-to-$6.00 price range – and sold 2.0 million shares – the number of shares in the prospectus – to raise $8.0 million on Tuesday, Dec. 31, 2024. At pricing, INLIF Ltd. had a market cap of $58 million. (Editor’s Note: This column, published earlier today, Thursday, Jan. 2, 2025, has been updated to include INLIF Ltd.’s debut on the NASDAQ.)
Shares of INLIF Ltd. slipped to $3.70 – down 30 cents from their IPO price of $4.00 – when they started trading at 12:02 p.m. EST today – Thursday, Jan. 2, 2025 – on the NASDAQ. Volume on that opening trade totaled 120,446 shares, according to NASDAQ. At the closing bell, INLIF Ltd. shares (INLF) traded at $4.45 – up 45 cents or up 11 percent from their IPO price – on NASDAQ volume of about 1.0 million shares.
AC Sunshine Securities served as the sole underwriter.
INLIF Ltd. , the Chinese holding company, is profitable. INLIF Ltd., based in Honglai Town in Nan’an City, in Quanzhou, in The People’s Republic of China, reported net income of $1.2 million on revenue of $14.53 million for the 12 months that ended Sept. 30, 2024, according to financial statements in the prospectus. (Net income and revenue are reported in U.S. dollars.)
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.
Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.