Well-Baked? Commercial Kitchen Appliance Maker Li Bang Eyes Nasdaq IPO (undefined:LBGJ)

gerenme Chinese manufacturer applies to raise $25 million through a risky Nasdaq listing as China-U.S. tensions remain high. 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 (LBGJ) step back from the stoves to raise $25 million via an offering of 5 million shares at $5 apiece.

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