Hebron Technology registers $20 million stock for initial public sale

Bookrunner Spartan Securities Group will assist with offering

By Devika Patel

Knoxville, Tenn., Dec. 16 – Hebron Technology Co., Ltd. will price its initial public offering of common stock, according to a Form F-1 filed Wednesday with the Securities and Exchange Commission. The company has registered up to $20 million of stock.

Spartan Securities Group, Ltd. is the bookrunner.

Proceeds will be used to expand installation services, to develop a repair and maintenance business, to establish an online store and for working capital, taxes and personnel expenses.

The Wenzhou, China, company makes and installs valves and pipe fittings. The company intends to list its common stock on the Nasdaq stock exchange under the symbol “HEBT.”

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