Yulong Eco-Materials Priced, Nasdaq: YECO

Chinese producer of fly-ash bricks and concrete used in construction.

Industry: Materials

Latest Trade: $2.83 -0.25 (-8.2%)

First Day Return: -1.3%

Return from IPO: -50.7%

Industry: Materials

We are engaged in the production and sale of fly-ash bricks and ready-mixed concrete in and around the city of Pingdingshan, Henan Province, China.   In late April 2015, we also commenced formal operations at our new waste recycling and brick production plants.  We process construction waste consisting of discarded bricks and concrete that we have the exclusive right to collect and process in the built-up area of Pingdingshan consisting of the four districts (Shilong, Weidong, Xinhua and Zhanhe) and two special districts (Gaoxing and Xincheng) currently under the administration of the municipal government (subject to exclusions imposed by special municipal regulations) at the recycling plant, and transform them into various types of recycled bricks at the brick plant, which currently has one production line running.  Our exclusive right commenced concurrently with the formal operations of our recycling plant in late April 2015. We also plan to complete a second production line for the brick plant by December 2015. We are a holding company and our primary business operations are conducted through our consolidated affiliated entities, which are variable interest entities that we control.  These include Yulong Bricks, which operates our fly-ash bricks business, Yulong Concrete and Yulong Transport, which operate our concrete business, and Yulong Renewable, which operates our new recycling and brick plants as well as our new hauling operations.
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IPO News for Yulong Eco-Materials
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IPO Data
IPO File Date 12/19/2014
Offer Price $6.25
Price Range $6.25 - $7.25
Offer Shares (mm) 2.3
Deal Size ($mm) $14
IPO Data
IPO Date 06/25/2015
Offer Price $6.25
Price Range $6.25 - $7.25
Offer Shares (mm) 2.3
Deal Size ($mm) $14
Underwriters
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Company Data
Headquarters Pingdingshan, China
Founded 2011
Employees 205
Website