Nanoplastics Technology (NPT.US) filed an IPO application, planning to raise up to US$17 million.

Plastics Technology filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday for an initial public offering (IPO), planning to raise up to $17 million. Plastics Technology is a company that provides supply chain services for the Chinese plastics and chemical industry.

Plastics Technology has over 30,000 plastic and chemical product stock-keeping units (SKUs), and is focused on providing one-stop logistics services for its 1,964 suppliers and 2,823 customers to simplify the procurement process. Its solutions include product search and matching, recommendations, order management and payment, and logistics distribution.

The company was founded in 2011 and is headquartered in Shanghai, China. In the twelve months ending December 31, 2023, Plastics Technology's sales reached $685 million. The company plans to list on the Nasdaq under the symbol NPT, with EF Hutton as the sole book running manager. No pricing terms have been disclosed yet.