Luda Technology Group Limited Announces Closing of Initial Public Offering

Hong Kong, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Luda Technology Group Limited (“LUD” or the “Company”), a leading manufacturer and trader of stainless steel and carbon steel flanges and fittings products with an operation history of over 20 years, today announced the closing of its previously announced initial public offering of an aggregate 2,500,000 Ordinary Shares (“the Offering”) at a price of $4.00 per share (“the Offering Price”) to the public, for a total gross proceeds of US$10.0 million to the Company, before deducting underwriting discounts and offering expenses. All of the shares are being offered by the Company.