Malaysian cable manufacturer Linkers Industries files and sets terms for an $11 million US IPO

Linkers Industries, a Malaysian manufacturer and supplier of wire/cable harnesses, filed on Friday with the SEC to raise up to $11 million in an initial public offering.

The Sungai Petani, Malaysia-based company plans to raise $11 million by offering 2.2 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Linkers Industries would command a market value of $67 million.

Through its operating subsidiary, Linkers Industries manufactures and supplies wire/cable harnesses, which are wires/cables bound together with straps, cable ties, and electrical tapes to transmit signals or electrical power. Its customers include global brand name manufacturers and original equipment manufacturers in the home appliances, industrial products, and automotive industries that are mainly based in the Asia Pacific Region.

Linkers Industries was founded in 1995 and booked $7 million in sales for the 12 months ended June 30, 2023. It plans to list on the Nasdaq under the symbol LNKS. The company filed confidentially on September 22, 2023. Pacific Century Securities is the sole bookrunner on the deal.