Harden Technologies, which manufactures industrial shredders and material sorting machines and production lines in China, filed on Tuesday with the SEC to raise up to $15 million in an initial public offering.
The Zhongshan, China-based company plans to raise $15 million by offering 2.5 million shares at a price range of $5 to $7. At the midpoint of the proposed range, Harden Technologies would command a market value of $75 million.
Harden is a waste management equipment and recycling equipment manufacturer in China, specializing in the manufacture of customized industrial shredders and material sorting machines and production lines. In 2021, Harden supplied its products to an aggregate of 212 customers operating in the industrial, municipal, and solid waste disposal industries.
Harden Technologies was founded in 2010 and booked $34 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol HARD. Tiger Brokers is the sole bookrunner on the deal.
