Fuling Global registers $30 million of stock for initial public sale

Bookrunner Burnham Securities will help fund operations, development

By Devika Patel

Knoxville, Tenn., July 28 – Fuling Global Inc. will price its initial public offering of ordinary stock with a greenshoe option, according to a Form F-1 filed Tuesday with the Securities and Exchange Commission. The company has registered up to $30 million of stock.

The offering will be conducted on a best efforts, all-or-none basis.

Burnham Securities, Inc. is the bookrunner.

Proceeds will be used for operations, development, land and equipment purchases, research and development, sales and marketing and working capital.

The Wenling, China, company makes disposable plastic food service products. It intends to list its stock on the Nasdaq under the symbol “FUOI.”

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