Luda Technology Group Completes Initial Public Offering
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Hong Kong, Feb. 28, 2025 — Luda Technology Group Limited (“LUD” or the “Company“), a prominent manufacturer and supplier of stainless steel and carbon steel flanges and fittings with over two decades of operational experience, has announced the completion of its previously disclosed initial public offering of 2,500,000 Ordinary Shares (“the Offering”) at a public offering price of $4.00 per share (“the Offering Price”), resulting in total gross proceeds of US$10.0 million for the Company before accounting for underwriting discounts and offering expenses. The Company offered all shares in the offering.
The shares commenced trading on the NYSE American on February 27, 2025, under the ticker symbol “LUD“.
Revere Securities LLC (“Revere“), a comprehensive financial services firm, served as the lead underwriter for the Offering. Pacific Century Securities, LLC (“PCS“), another full-service broker/dealer, acted as the co-manager for the Offering. Legal representation for the Company in the U.S., Hong Kong, PRC, and Cayman Islands was provided by Loeb & Loeb LLP, CLKW Lawyers LLP in association with Michael Li & Co., China Commercial Law Firm, and Conyers Dill & Pearman, respectively. ZH CPA, LLC served as the Company’s reporting accountants. VCL Law LLP acted as U.S. legal counsel to Revere and PCS for the Offering.
The Offering was conducted in accordance with the Company’s registration statement on Form F-1 (File No. 333-283680), as amended, which was previously submitted to and declared effective by the U.S. Securities and Exchange Commission (“SEC“) on February 26, 2025. The offering is being made exclusively through a prospectus, which forms a component of the registration statement. Prior to making any investment decisions, it is advisable to review the prospectus and other documents that the Company has submitted or will submit to the SEC for detailed information regarding the Company and the Offering. Copies of the final prospectus pertaining to the Offering, when available, can be obtained from Revere Securities LLC, 560 Lexington Ave 16th floor, New York, NY, 10022, by calling +1 212 688 2350 or emailing , or from Pacific Century Securities, LLC, 60-20 Woodside Avenue Ste 211, Queens, NY 11377, by calling +1 212 970 8868 or emailing . Additionally, the final prospectus, once available, can be accessed on the SEC’s website at .
Prior to investing, it is important to review the prospectus and other documents the Company has submitted or will submit to the SEC for a comprehensive understanding of the Company and the Offering. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy these securities. Furthermore, these securities will not be offered or sold in the United States without registration or a valid exemption from registration, and there will be no offer, solicitation, or sale of these securities in any state or jurisdiction where such activity would be unlawful prior to registration or qualification under the applicable securities laws.
About Luda Technology Group Limited
We are a manufacturer and trader specializing in stainless steel and carbon steel flanges and fittings. Our history began with the incorporation of Luda HK in Hong Kong in 2004, primarily focused on trading steel flanges and fittings. In 2005, the Company expanded its operations upstream by establishing Luda PRC to commence manufacturing flanges and fittings with its own factory in China. We have been in operation for over 20 years. Our core activities include (i) manufacturing and selling stainless steel and carbon steel flanges and fittings; and (ii) trading steel pipes, valves, and other steel tubing products. Our headquarters are located in Hong Kong, and our manufacturing base is in Taian City, Shandong Province, PRC. Our sales network extends to customers in China, South America, Australia, Europe, Asia (excluding China), and North America, encompassing manufacturers and traders in the chemical, petrochemical, maritime, and manufacturing sectors. Additional information is available at .
FORWARD-LOOKING STATEMENTS
Certain statements in this press release regarding future expectations, plans, and prospects, as well as any statements that are not historical facts, may be considered “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements concerning the anticipated commencement of trading and closing dates. Terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar expressions are intended to identify forward-looking statements; however, not all forward-looking statements contain these words. Actual results may differ significantly from those indicated in the forward-looking statements due to various important factors, including uncertainties related to market conditions and the completion of the public offering on the expected terms or at all, as well as other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. Investors are therefore cautioned against placing undue reliance on any forward-looking statements in this press release. Any forward-looking statements in this press release are relevant only as of the date of this release, and Luda Technology Group Limited specifically disclaims any obligation to update these statements to reflect new information, future events, or otherwise, except where required by law.
For more information, please contact:
Luda Technology Group Limited Investor Relations Contact:
Unit H, 13/F, Kaiser Estate Phase 2,
47-53 Man Yue Street, Hung Hom, Kowloon,
Hong Kong SAR, China
Phone: (+852) 2994 8774
Email:
Underwriters Inquiries:
Revere Securities LLC
560 Lexington Ave 16th floor, New York, NY, 10022
Phone: +1 212 688 2350
Email:
Pacific Century Securities, LLC
Francis Ong, CEO – Investment Banking
60-20 Woodside Avenue Ste 211, Queens, NY 11377
Phone: +1 212 970 8868
Email: