Microcap cutlery manufacturer Fuling Global prices IPO at $5

Fuling Global, a Chinese producer of disposable plastic cutlery and other food service products, raised $20 million by offering 4 million shares at $5, as expected. The offering was conducted on a best-efforts basis, and trading on the Nasdaq (symbol: FORK) is expected to begin on Wednesday, November 4. Burnham Securities acted as the lead manager.

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