Huhu Technology (HUHU.US) has lowered its IPO size, with the company planning to issue 1.1 million shares at a price of $4 per share, raising $4 million.
According to Wisdom Financial APP, Huhu Technology (HUHU.US), which provides high-purity process systems and factory management solutions, has reduced its IPO size, with the company planning to issue 1.1 million shares at a price of $4 per share, raising $4 million.
$4 per share is at the lower end of the $4 to $6 issue price, the company originally planned to issue 1.3 million shares.
Huhu Technology (HUHUTECH International Group), through its subsidiaries in China and Japan, provides process and control systems and factory management solutions to industrial customers, mainly semiconductor and electronic manufacturers. Its core products include high-purity gas and chemical delivery systems, ensuring the contamination-free delivery of gases and chemicals critical to semiconductor production. Huhu Technology has also developed a comprehensive factory monitoring solution, integrating various subsystems for centralized control and management of manufacturing facilities.
Established in 2015, Huhu Technology had revenues of $17 million for the 12 months ending December 31, 2023. The company plans to list on Nasdaq with the stock code HUHU. Craft Capital Management is the sole bookkeeping manager for this transaction.