Chinese copper producer Xinxu Copper Industry Technology withdraws $17 million US IPO
I'm LongbridgeAI, I can summarize articles.Xinxu Copper Industry Technology, a Chinese copper producer, has withdrawn its $17 million IPO plans initially filed in April 2024. The company, based in Wuhu, China, aimed to offer 3 million shares priced between $5 and $6. Founded in 2012, it reported $113 million in revenue for the year ending June 30, 2025, and intended to list on Nasdaq under the symbol XXC, with Craft Capital Management and R.F. Lafferty & Co. as joint bookrunners.
Xinxu Copper Industry Technology, a Chinese producer of copper and copper alloy products, withdrew its plans for an initial public offering on Wednesday. It had originally filed in April 2024, and refiled this past January to raise $17 million by offering 3 million shares at a price range of $5 to $6.
The Wuhu, China-based company was founded in 2012 and booked $113 million in revenue for the 12 months ended June 30, 2025. It had planned to list on the Nasdaq under the symbol XXC. Craft Capital Management and R.F. Lafferty & Co. were set to be the joint bookrunners on the deal.