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Erayak Power Solution Group Priced, Nasdaq: RAYA

Chinese manufacturer of power solution products for vehicles and appliances.

Industry: Industrials

Latest Trade: $0.64 0.00 (0.0%)

First Day Return: -15.8%

Return from IPO: -84.0%

Industry: Industrials

Erayak Power Solution Group Inc. was formed in 2019 under the laws of the Cayman Islands. We conduct business primarily through our wholly-owned subsidiary, Zhejiang Leiya Electronics Co. Ltd., in the People’s Republic of China (“PRC”). Our company specializes in the manufacturing, research and development (“R&D”), and wholesale and retail of power solution products. Zhejiang Leiya’s product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. Our products are used principally in agricultural and industrial vehicles, recreational vehicles (“RVs”), electrical appliances, and outdoor living products. Our primary office is located in Zhejiang province, where we serve a large customer base throughout PRC and expand our reach to international clients. Our goal is to be the premier power solutions brand and a solution for mobile life and outdoor living. We seek to leverage our flexibility and passion for quality to provide a personalized mobile living solution for each customer.
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IPO Data
IPO File Date 01/21/2022
Offer Price $4.00
Price Range $4.00 - $4.00
Offer Shares (mm) 3.0
Deal Size ($mm) $12
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/14/2022
Offer Price $4.00
Price Range $4.00 - $4.00
Offer Shares (mm) 3.0
Deal Size ($mm) $12
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Craft Capital Management
R.F. Lafferty & Co.
Company Data
Headquarters Wenzhou, China
Founded 2009
Employees 139
Website www.erayakgenerator.com

Erayak Power Solution Group (RAYA) Performance