Luda Technology Group

General Information
Business:

We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products.(Incorporated in the Cayman Islands)

Our history began with Luda HK, which was incorporated in Hong Kong in 2004 and is principally engaged in the trading of steel flanges and fittings. In 2005, the Company’s business expanded further upstream when Luda PRC was set up to commence the manufacturing of flanges and fittings with self-owned factory in China. We have established an operation history of over 20 years. We are principally engaged in (i) the manufacture and sale of stainless steel and carbon steel flanges and fittings products; and (ii) trading of steel pipes, valves, and other steel tubing products. We are headquartered in Hong Kong with manufacturing base in Taian City, Shandong Province of the PRC. Our sales network comprises customers from China, South America, Australia, Europe, Asia (excluding China) and North America and our customers comprise manufacturers and traders from the chemical, petrochemical, maritime and manufacturing industries.

Note: Net income and revenue are in U.S. dollars for the 12 months that ended June 30, 2024.

(Note: Luda Technology Group filed an F-1/A on Dec. 6,2024 – following the withdrawal on the same date (RW) of its previous IPO – to disclose the terms of the new version of its IPO: 2.5 million shares at $4.00 to raise $10.0 million – matching the terms in its previous IPO filing. Background: Luda Technology Group filed an F-1/A dated Sept. 20, 2024, disclosing the terms for its IPO: 2.5 million shares at $4.00 to raise $10.0 million.)

Industry: Stainless Steel Fittings & Flanges
Employees: 159
Founded: 2004
Contact Information
Address Unit H, 13/F, Kaiser Estate Phase 2 47-53 Man Yue Street Hung Hom, Kowloon Hong Kong
Phone Number +852 2994 8774
Web Address http://www.ludahk.com/
View Prospectus: Luda Technology Group
Financial Information
Market Cap $90.0mil
Revenues $51.27 mil (last 12 months)
Net Income $1.83 mil (last 12 months)
IPO Profile
Symbol LUD
Exchange NYSE - American
Shares (millions): 2.5
Price range $4.00 - $4.00
Est. $ Volume $10.0 mil
Manager / Joint Managers Revere Securities/Pacific Century Securities
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change