The Zhitong Finance App learned that on Tuesday, Chinese automotive rubber and plastic sealing strip supplier Rubber Leaf (Rubber Leaf) raised the scale of its proposed IPO issuance. The company now plans to issue 6.3 million shares at a price of $4 per share to raise $25 million; previously, the filing plan was to issue 3 million shares in the price range of $4-6. According to the revised terms, the amount of capital raised will increase by 67% over previous expectations, and the market value will reach US$189 million. The company is currently listed on the OTC (OTC) market under the code “RLEA”.

The Zhitong Finance App learned that on Tuesday, Chinese automotive rubber and plastic sealing strip supplier Rubber Leaf (Rubber Leaf) raised the scale of its proposed IPO issuance. The company now plans to issue 6.3 million shares at a price of $4 per share to raise $25 million; previously, the filing plan was to issue 3 million shares in the price range of $4-6. According to the revised terms, the amount of capital raised will increase by 67% over previous expectations, and the market value will reach US$189 million. The company is currently listed on the OTC (OTC) market under the code “RLEA”.