Lianhe Sowell Prices 2M Share IPO at $4

Lianhe Sowell International Group Ltd., a Chinese firm specializing in machine vision products, has announced the pricing of its initial public offering (IPO) at $4 per share, aiming to raise a total of $8 million through the sale of 2 million shares. The IPO is set to commence trading on the Nasdaq under the ticker symbol 'LHSW' on April 3, 2025, with the offering expected to close a day later. The proceeds will be allocated towards enhancing the machine vision business, expanding the spray painting robot sector, and general corporate purposes. Additionally, the underwriter has an option to purchase up to 300,000 additional shares at the same price within 30 days of the closing date. The IPO is conducted by R.F. Lafferty & Co., which is acting as the sole underwriter for the offering. This move reflects Lianhe's strategic initiatives to leverage advancements in technology and expand its market presence.