Jowell Global Ltd.

Jowell Global Ltd. (JWEL) priced its initial public offering on Mar 18, 2021 at $7.00 per share, raising $26M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $174M. FisherBroyles, Maples and Calder and Yunnan Kangsi Law Firm advised the company and Hunter Taubman Fischer & Li and Dentons advised the underwriters.

Jowell Global Ltd. operates an e-commerce platform in China selling cosmetics, health and nutritional supplements and household products, including its own brands and other companies' goods. It also lets third-party merchants open stores for a fee, and uses online direct sales, authorized retail stores and live streaming channels.

Status

IPO

Ticker

JWEL

Exchange

Nasdaq Capital Market

Priced

Mar 18, 2021

IPO price

$7.00

Raised

$26M

Market cap at IPO price

$174M

First filed

Nov 23, 2020

Company counsel

FisherBroyles, Maples and Calder and Yunnan Kangsi Law Firm

Underwriters' counsel

Hunter Taubman Fischer & Li and Dentons

Sector

Consumer

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.