Bon Natural Life Ltd

Bon Natural Life Ltd (BON) priced its initial public offering on Jun 25, 2021 at $5.00 per share, raising $11M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $40M. US Tiger was lead-left underwriter, joined by Newbridge and R.F. Lafferty. Crone Law Group, Ogier and Chamzon Law Firm advised the company and Ellenoff Grossman & Schole and Beijing DeHeng Law Office advised the underwriters.

Bon Natural Life Ltd manufactures personal care ingredients, such as plant-extracted fragrance compounds, along with natural health supplements and bioactive food ingredients used in additives and nutritional supplements. It supplies third-party customers in the functional food, personal care and natural medicine industries and sells under its own brands.

Status

IPO

Ticker

BON

Exchange

Nasdaq Capital Market

Priced

Jun 25, 2021

IPO price

$5.00

Raised

$11M

Market cap at IPO price

$40M

First filed

Dec 7, 2020

Underwriters

US Tiger, Newbridge and R.F. Lafferty

Company counsel

Crone Law Group, Ogier and Chamzon Law Firm

Underwriters' counsel

Ellenoff Grossman & Schole and Beijing DeHeng Law Office

Sector

Biotech & pharma

Country / state

China

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.