Chinese steel manufacturing holding company Hongli Group sets terms for $25 million US IPO
By Renaissance Capital, Hongli Group, a cold roll formed steel profile manufacturer in China, announced terms for its IPO on Thursday. The Shandong, China-based company plans to raise $25 million by offering 5 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Hongli Group would command a[…]