Fuxing China Group, a Chinese producer of zipper sliders and chains, withdrew its plans for an initial public offering on Thursday. It originally filed in April 2024 and most recently planned to raise $8 million by offering 1.5 million shares at a price of $4 to $6. The company last updated its prospectus in February 2025.
The Jinjiang, China-based company was founded in 1993 and booked $103 million in revenue for the 12 months ended September 30, 2024. It had planned to list on the Nasdaq under the symbol FFFZ. Craft Capital Management and Boustead Securities were set to be the joint bookrunners on the deal.
