Ispire Technology Inc.

Ispire Technology Inc. (ISPR) priced its initial public offering on Apr 5, 2023 at $7.00 per share, within its $6.00–$8.00 range, raising $18.9M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $368.9M. US Tiger was lead-left underwriter, joined by Prime Number. Ellenoff Grossman & Schole advised the company and Sidley Austin and Tian Yuan advised the underwriters.

Ispire Technology Inc. researches, designs, markets, sells and distributes branded e-cigarettes and related vaping products. It relies primarily on one supplier, Shenzhen Yi Jia, a related party, to manufacture its products.

Status

IPO

Ticker

ISPR

Exchange

Nasdaq Capital Market

Priced

Apr 5, 2023

IPO price

$7.00

Price range

$6.00–$8.00

Raised

$18.9M

Market cap at IPO price

$368.9M

First filed

Jan 31, 2023

Underwriters

US Tiger and Prime Number

Company counsel

Ellenoff Grossman & Schole

Underwriters' counsel

Sidley Austin and Tian Yuan

Sector

Consumer

Country / state

CA

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