Auto rubber products supplier Rubber Leaf increases deal size by 67% ahead of $25 million Nasdaq uplisting
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Rubber Leaf, a Chinese supplier of automotive rubber products, increased its IPO deal size by 67% ahead of its $25 million Nasdaq uplisting. The company plans to offer 6.3 million shares at $4 each, raising its market cap to $189 million. Currently listed on the OTC, Rubber Leaf specializes in automotive sealing strips and supplies major manufacturers like Volkswagen. Founded in 2011, it reported $7 million in revenue for 2024. Prime Number Capital is the sole bookrunner for the deal.
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