Huadi International Group Co., Ltd.

General Information
Business:

Huadi International Group Co., Ltd. was incorporated on Sept. 27, 2018, under the laws of the Cayman Islands. We primarily conduct our business through our subsidiary Huadi Steel Group Co., Ltd. which was established in 1998 under the laws of the PRC. Our main business operation focuses on new product development, manufacturing, marketing and sales of stainless steel seamless pipes, tubes and stainless steel bar.

We are a leading manufacturer of industrial stainless steel seamless pipes and tubes products with extensive distribution facilities and network for over 20 provinces in China. We have also offered a broad range of products exported to twenty (20) countries and regions such as United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE and Canada. Our products are widely used in the oil & gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, electricity, automobile, naval architecture, paper mill and mechanical industries. Our facilities have been certified with the ISO9001 and ISO14001 quality management systems.

We are a nationally recognized brand and our company has a big presence across domestic and international steel pipes industry with enhanced market prospects. 

For the year ended Sept. 30, 2019, the company reported net sales of $65.52 million and net income of $5.45 million, according to the prospectus.

(Note: Huadi International priced slightly fewer shares – 3.125 million vs 3.59 million in the prospectus – but those shares were priced at $8, the high end of its $7-$8 range – to raise $25 million in its IPO.)

 

Industry: Steel pipes and products
Employees: 382
Founded: 1998
Contact Information
Address No. 1688 Tianzhong Street, Longwan District, Wenzhou, Zhejiang Province People’s Republic of China 325025
Phone Number +86-057786598888
Web Address
View Prospectus: Huadi International Group Co., Ltd.
Financial Information
Market Cap $99.25mil
Revenues $18.98 mil (last 12 months)
Net Income $-1.0 mil (last 12 months)
IPO Profile
Symbol HUDI
Exchange NASDAQ
Shares (millions): 3.1
Price range $8.00 - $8.00
Est. $ Volume $25.0 mil
Manager / Joint Managers Craft Capital Management LLC/ R.F. Lafferty & Co.
CO-Managers Shengang Securities Company Limited
Expected To Trade: 1/22/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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