Network 1 Financial Securities, Inc. Successfully Closed Jowell Global Ltd.’s Initial Public Offering
March 22, 2021
Jowell Global Ltd. (“the Company”), a company which operates one of the leading cosmetics, health and nutritional supplements and household products e-commerce platforms Juhao Mall in China, announced the closing of its initial public offering of 3,714,286 ordinary shares at a price of $7.00 per ordinary share on March 19, 2021, for total gross proceeds of $26 million before deducting underwriting discounts and offering expenses.
The Company’s ordinary shares began trading on March 17, 2021 on NASDAQ Capital Market under the symbol “JWEL”.
Network 1 Financial Securities, Inc. acted as sole book runner and lead underwriter for the offering and Alexander Capital, L.P. acted as co-underwriter. Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the underwriters. HTFL is a boutique law firm specializing in corporate, commercial and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.