Shandong food packaging machinery manufacturer Kang Beite (KBAT.US) IPO size increased by 67% to raise $28 million.

Chinese custom food packaging machinery manufacturer Kangbeite Group (KBAT.US) on Friday increased the planned size of its upcoming IPO. The company, based in Weifang, Shandong, is now planning to raise $28 million by issuing 6.3 million shares at a price range of $4 to $5 per share. The company had previously planned to issue 3.8 million shares at the same price range. Based on the revised offering size, Kangbeite's fundraising will increase by 67% and its market value will reach $107 million, a 12% increase from previous expectations. Kangbeite focuses on the design, manufacture, and sale of custom food packaging machinery, selling to domestic and international customers through established sales and distribution channels. Its machines can be used for packaging cooked and raw foods, pharmaceuticals, hardware components, and medical devices. The machines are mainly divided into three categories: thermoforming vacuum packaging machines, vacuum packaging machines, MAP packaging machines, and skin packaging machines. Founded in 2011, Kangbeite had revenues of $14 million in the 12 months ending September 30, 2025. The company plans to list on the Nasdaq under the ticker symbol KBAT, with Network 1 Financial Securities as the sole underwriter for the offering.