Commercial Kitchen Appliance Maker Li Bang Eyes Nasdaq IPO

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Key takeaways: 1、  Jiangsu-based Li Bang International has filed for a Nasdaq IPO to raise $25 million through the issue of 5 million shares 2、 The move by the low-profile maker of heavy-duty commercial kitchen appliances would help shore up its position and add weight to its balance sheet The latest U.S. IPO plan from a Chinese company is decidedly low-tech, seeking to raise modest funds as it also tries to avoid U.S.-China tensions that have wiped out billions of dollars in market value from other New York-listed Chinese stocks over the last year. The plan will see commercial kitchen appliance manufacturer  Li Bang International  step back from the stoves to raise $25 million via an offering of 5 million shares at $5 apiece. The company is relatively small, with a target market value of around $100 million, suggesting the modest IPO could have a potentially transformative impact on the business – if it makes it to market. Like many Chinese companies that list o ………………………………