• Jiangsu-based Li Bang International has filed for a Nasdaq IPO to raise $25 million through the issue of 5 million shares • The move by the low-profile maker of heavy-duty commercial kitchen appliances would help shore up its position and add weight to its balance sheet. By Andrew Curran The latest U.S. IPO plan from a Chinese company is decidedly low-tech, seeking to raise modest funds as it also tries to avoid U.S.-China tensions that have wiped out billions of dollars in market value from other New York-listed Chinese stocks over the last year.
