Earntz Healthcare Products, a Chinese manufacturer of nonwoven fabrics and non-surgical face masks, withdrew its plans for an initial public offering on Friday. It had filed to raise $11 million by offering 2.5 million shares at a price range of $4 to $5.
The Shanghai, China-based company was founded in 2016 and booked $8 million in sales for the 12 months ended December 31, 2023. It had planned to list on the Nasdaq under the symbol ETZ. Revere Securities was set to be the sole bookrunner on the deal.
