CDT Environmental Technology Investment Holdings Limited (CDTG) expects to raise $9 million in an initial public offering on Thursday, April 18, IPO Scoop reports. The company will issue 2,000,000 shares at $4.00-$5.00 per share.
Over the last 12 months, CDT Environmental Technology Investment Holdings Limited generated $31.5 million in revenue and $6.5 million in net income. CDT Environmental Technology Investment Holdings Limited has a market capitalization of $50.4 million.
WestPark Capital is acting as underwriter for the IPO.
CDT Environmental Technology Investment Holdings Limited provided the following company description for its IPO: “We are a waste treatment company that generates revenue through the design, development, manufacture, sale, installation, operation and maintenance of wastewater treatment systems and by providing wastewater treatment services. We are mainly engaged in two business lines: wastewater treatment systems and wastewater treatment services in both urban and rural areas. Wastewater treatment systems are sometimes also referred to here as rural wastewater treatment, and wastewater treatment services are sometimes referred to here as septic tank treatment. For wastewater treatment systems, we sell complete wastewater treatment systems, build rural wastewater treatment plants, install the systems, and provide ongoing operation and maintenance services for such systems and installations in China for municipalities and corporate customers. We provide decentralized rural wastewater treatment services with our integrated and proprietary system using our advanced rapid separation technology. Our rapid separation technology uses a biochemical process to economically and sufficiently treat rural wastewater. In addition, our integrated equipment typically has a life of over 10 years without replacing major components. Thanks to our rapid separation technology and our technological expertise and experience, our integrated rural wastewater treatment system produces high-quality effluent, with a high degree of automation, efficient construction and start-up, and low operating costs. In addition, our equipment is usually able to handle a sharp increase in wastewater flow and heavy pollution. Our integrated equipment consists of a compact structure and is buried underground to minimize environmental changes. **Note: Net income and revenue figures are in US dollars for the 12 months ended 30 June 2023. (Note: CDT Environmental Technology Investment Holdings Limited has updated its financial statements for the six month period ended 30 June 2023 ., in an F-1/A filing dated Nov. 20, 2023) (Note: CDT Environmental Technology Investment Holdings Limited reduced the size of its IPO by about 35 percent to 2.0 million shares – down from 3.07 million shares – and increased the price to a range of $4.00 to $5.00—an increase from the assumed IPO price of $4.00—to raise $9.0 million, according to an F-1/A filing dated March 27, 2023. CDT Environmental Technology Investment Holdings Limited updated its financial statements in an F-1/A dated February 24, 2023. The Company changed its sole bookrunner to WestPark Capital from ViewTrade Securities in a June 2021 F-1/A filing. The F-1 was filed on January 15, 2021. the company filed confidential IPO documents with the SEC on November 15, 2019)”.
CDT Environmental Technology Investment Holdings Limited was founded in 2016 and has 188 employees. The company is located at C1, 4th Floor, Building 1, Financial Base, No. 8 Kefa Road Nanshan District, Shenzhen, China 518057 and can be reached by telephone at 86-0755-86667996 or on the web at http://www .cdthb.cn/.
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