Lianhe Sowell International Prices IPO at $4 per Share

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Lianhe Sowell International Prices IPO at $4 per Share

, MT Newswires - 7:57 AM ET 4/3/2025 default

07:57 AM EDT, 04/03/2025 (MT Newswires) -- Lianhe Sowell International said Thursday it has priced its initial public offering of 2 million ordinary shares at $4 per share for estimated gross proceeds of $8 million.

The underwriter has been granted a 30-day option to purchase up to an additional 300,000 shares.

The company, which provides machine vision products and services, said the shares are set to begin trading on Nasdaq this Thursday under the ticker symbol, "LHSW." The offering is set to close Friday.

Net proceeds from the offering will be used for investment in the company's machine vision business, research and development for new products, expansion of its spray painting robot business, as well as for general corporate purposes.

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