Aspire Global, an e-cigarette and vaping brand, filed on Tuesday with the SEC to raise up to $161 million.
Aspire is a vertically integrated provider of e-cigarette vaporizing technology. Its tobacco vaping products are sold through a distribution network of more than 150 distributors in 30 countries. In December 2020, the company also commenced the marketing of cannabis vaping technology products in the US.
The Shenzhen, China-based company was founded in 2010 and booked $82 million in sales for the 12 months ended December 31, 2020. It plans to list on the Nasdaq under the symbol ASPG. Aspire Global filed confidentially on March 8, 2021. Tiger Brokers, EF Hutton, and TF International are the joint bookrunners on the deal. No pricing terms were disclosed.
