Tungray Technologies Inc (“Tungray”), a provider of customized industrial manufacturing solutions to OEMs in various industries, recently priced its initial public offering (IPO) of 1,250,000 Class A ordinary shares at $4 per share, with total gross proceeds of approximately $5 million. The offering is expected to start trading on Nasdaq Capital Market under the ticker symbol “TRSG” on April 19, 2024. The underwriter has an option to purchase additional shares and the closing of the offering is expected on April 23, 2024, subject to customary conditions.
US Tiger Securities, Inc. is the sole book runner for the offering, with legal counsel provided by Robinson & Cole LLP and VCL Law LLP. The registration statement was declared effective by the SEC on March 28, 2024, and the offering is made through a prospectus available on the SEC website. Investors are encouraged to read the prospectus and other SEC filings for complete information before investing.
Tungray Technologies Inc is an engineer-to-order (ETO) company based in Singapore and China, serving OEMs in the semiconductors, printers, electronics, and home appliances industries. With over two decades of experience, the company specializes in developing customized industrial solutions for its customers’ unique requirements. To learn more about Tungray Technologies Inc, visit their website at http://tungray.tech/.
This announcement contains forward-looking statements regarding the company’s proposed offering and securities listing. Investors are advised to consider potential risks and uncertainties involved in these statements. The company will update forward-looking statements as necessary, but actual results may vary. For more information, please contact Tungray Technologies Inc’s Investor Relations at Weitian Group LLC.
Overall, Tungray Technologies Inc’s IPO marks a significant milestone for the company as it seeks to expand its reach and provide tailored manufacturing solutions to OEMs across multiple industries. With a focus on quality and customer satisfaction, Tungray is poised for growth and success in the industrial manufacturing sector.
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