Jowell global ltd. announces full exercise of the underwriter's over-allotment option

Shanghai, china, march 25, 2021 (globe newswire) -- jowell global ltd. (“jwel” or the “company”) (nasdaq: jwel), a company which operates one of china's leading cosmetics, health and nutritional supplements and household products e-commerce platforms - juhao mall, today announced that network 1 financial securities, inc., as representative of the underwriters of the company's firm commitment initial public offering (“ipo”), has exercised the full over-allotment option to purchase an additional 557,143 ordinary shares at the ipo price of $7.00 per share. as a result, the company has raised gross proceeds of approximately $3.9 million, in addition to the previously announced ipo gross proceeds of approximately $26 million, before underwriting discounts and offering expenses.
JWEL Ratings Summary
JWEL Quant Ranking