Luda Technology Group Closes Over-Allotment Option, Boosting IPO Proceeds

Luda Technology Group Limited ( (LUD) ) just unveiled an announcement.

On April 7, 2025, Luda Technology Group Limited announced the sale of an additional 190,000 ordinary shares at $4.00 each, following a partial exercise of the underwriter’s over-allotment option from its initial public offering (IPO). This transaction raised an additional $760,000, bringing the total gross proceeds from the IPO to $10,760,000. This financial move is expected to bolster Luda Technology’s market presence and operational capabilities.

More about Luda Technology Group Limited

Luda Technology Group Limited is a manufacturer and trader specializing in stainless steel and carbon steel flanges and fittings products. Established in 2004 in Hong Kong, the company expanded its operations in 2005 to include manufacturing in Taian City, Shandong Province, China. Luda Technology serves a diverse customer base across China, South America, Australia, Europe, Asia, and North America, primarily catering to the chemical, petrochemical, maritime, and manufacturing industries.

YTD Price Performance: -0.75%

Average Trading Volume: 148,115

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