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Malaysian cable manufacturer Linkers Industries prices downsized US IPO at the $4 low end

December 5, 2024
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Linkers Industries, a Malaysian manufacturer and supplier of wire/cable harnesses, raised $8 million by offering 1.9 million shares at $4, the low end of the range of $4 to $6. The company offered 0.3 million fewer shares than anticipated.

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 plans to list on the Nasdaq under the symbol LNKS. R.F. Lafferty & Co. acted as sole bookrunner on the deal.