HuHu Technology (HUHU.US) IPO priced at $4/share, and the offering size was reduced to 1.1M shares.

Tiger Tech (HUHU.US) has lowered the size of its IPO, planning to issue 1.1 million shares at $4 each, raising $4 million.

The $4 is the low end of a $4 to $6 price range, down from the original plan to issue 1.3 million shares.

Tiger Tech (HUHUTECH International Group) operates through its subsidiaries in China and Japan, providing process and control systems and factory management solutions for industrial customers, mainly semiconductor and electronics manufacturers. Its core products include high-purity gas and chemical delivery systems, ensuring the delivery of contaminant-free gases and chemicals critical to semiconductor production. The company also developed a comprehensive factory monitoring solution, integrating various subsystems for centralized control and management of manufacturing facilities.

Tiger Tech was founded in 2015 and had revenue of $17 million in the 12 months ended December 31, 2023. The company plans to list on the Nasdaq under the symbol HUHU, with Craft Capital Management as the sole bookrunner.