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Tungray Technologies Priced, Nasdaq: TRSG

Provides customized industrial manufacturing services in Singapore and China.

Industry: Industrials

Latest Trade: $5.75 0.00 (0.0%)

First Day Return: +48.8%

Return from IPO: +43.6%

Industry: Industrials

We are an engineer-to-order (“ETO”) company that provides customized industrial manufacturing solutions to Original Equipment Manufacturers (“OEMs”) in the semiconductors, printers, electronics, and home appliances sectors. As an ETO company, we take pride in our ability to design and build solutions that fulfil our customers’ unique specifications. Our capabilities in this field are the result of more than a decade of experience in completing various ETO projects. We mainly generate revenues through customized industrial manufacturing solutions, direct drive and linear direct current (“DC”) motors and induction welding equipment manufacturing. During the year ended December 31, 2021, 75.9%, 10.1%, and 14.0% of our revenues are generated from these three business lines, respectively. Singapore is main development and manufacturing location while we also have manufacturing bases in China, namely Qingdao and Shenzhen. During the year ended December 31, 2021, 61.1% and 38.9%, and during the year ended December 31, 2020, 55.1% and 44.9% of our revenues are generated from Singapore and China, respectively. Our customers include industry-leading OEMs in the printer, electronics in Singapore and home appliance manufacturing sectors in China.
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IPO Data
IPO File Date 03/10/2023
Offer Price $4.00
Price Range $4.00 - $6.00
Offer Shares (mm) 1.3
Deal Size ($mm) $5
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/18/2024
Offer Price $4.00
Price Range $4.00 - $6.00
Offer Shares (mm) 1.3
Deal Size ($mm) $5
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Tiger Brokers
Company Data
Headquarters Singapore
Founded 1996
Employees 183
Website www.tungray.tech

Tungray Technologies (TRSG) Performance