Tungray Technologies Successfully Lists on the Nasdaq Capital Market
Industry: Industrial
Listing Date: September 2024, Nasdaq Capital Market
Funds Raised: US$5 Million
Partners: Internationally Reputable Investment Banks
DY Group Holdings Limited successfully assisted Tungray Technologies (TRSG) in its IPO on the Nasdaq Capital Market, raising US$5 million in capital, demonstrating the growth potential of Asian companies in the US capital market.
Tungray Technologies Inc. is an engineer-to-order company that, through its subsidiaries in China and Singapore, provides customized industrial manufacturing solutions, welding equipment manufacturing, and direct drive and linear DC motors. For this IPO, Tungray Technologies partnered with a renowned international investment bank to issue 1.25 million shares of Class A common stock at US$4.00 per share, laying a solid foundation for future expansion.