Fuling anticipates pricing IPO of 4 million shares at $5.00 per share

Bookrunners Burnham, Network 1 will help fund operations, development

By Devika Patel

Knoxville, Tenn., Oct. 20 – Fuling Global Inc. will sell 4 million ordinary shares in its initial public offering with a 30-day greenshoe of 600,000 additional shares, according to a Form F-1/A filed Friday with the Securities and Exchange Commission. The company has registered up to $23 million of stock for the deal, which was announced on July 28.

The shares will be sold at an expected price of $5.00 per share.

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

Burnham Securities, Inc. and Network 1 Financial Securities, Inc. are the bookrunners.

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 “FORK.”

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