Yulong Eco-Materials plans to price initial public offering of stock

Cuttone and Axiom Capital Management will be the bookrunning managers

By Devika Patel

Knoxville, Tenn., Dec. 19 – Yulong Eco-Materials Ltd. will conduct an initial public sale of its ordinary stock with a 45-day greenshoe, according to a Form S-1 filed Friday with the Securities and Exchange Commission.

Cuttone & Co., Inc. and Axiom Capital Management, Inc. are the bookrunners.

Proceeds will be used to complete a recycling plant and brick plant that the company will operate and for general corporate purposes.

The producer of fly-ash bricks and concrete is based in Pingdingshan, China.

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