Ostin Technology Group, a Chinese supplier of display modules and polarizers, amended the terms for its upcoming IPO on Tuesday.
The Nanjing, China-based company now plans to raise $14 million by offering 3.4 million shares at $4. The company had previously filed to offer the same number of shares at a range of $3.50 to $4.50. At the revised terms, Ostin Technology Group would command a market value of $54 million.
Ostin Technology Group was founded in 2010 and booked $171 million in revenue for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol OST. Prime Number Capital, and Shengang Securities are the joint bookrunners on the deal.
