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Chinese steel manufacturer Huadi International files for a $25 million IPO

September 18, 2020

Huadi International Group, which manufactures steel pipe and tube products in China, filed on Friday with the SEC to raise up to $25 million in an initial public offering.

The Wenzhou, China-based company was founded in 2018 and booked $59 million in sales for the 12 months ended March 31, 2020. It plans to list on the Nasdaq under the symbol HUDI. Huadi International Group filed confidentially on November 4, 2019. Craft Capital Management, R.F. Lafferty & Co. and Shengang Securities are the joint bookrunners on the deal. No pricing terms were disclosed.