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Chanson International Priced, Nasdaq: CHSN

Operates a chain of bakeries located in China and New York City.

Industry: Consumer Staples

Latest Trade: $0.29 0.00 (0.0%)

First Day Return: -38.8%

Return from IPO: -92.7%

We manufacture and sell a wide selection of bakery products, seasonal products (i.e. products sold during particular holiday seasons), and beverage products; we also offer eat-in services in some of our stores. We currently focus our business in the Xinjiang Uygur Autonomous Region (“Xinjiang”) of the PRC and New York City and plan to expand to other regions of the PRC and the U.S., with a goal of opening three to five new stores in China annually and 10 new stores in the United States during the next five years. We aim to make healthy, nutritious, and ready-to-eat food through advanced facilities and industry research and to create a comfortable, yet distinguishable store environment in which customers can enjoy our products. We sell our products primarily through (i) a bakery chain consisting of 32 stores operated by Xinjiang United Family and its VIEs (the “PRC Stores”), under our “George Chanson” brand in Xinjiang, and (ii) through Chanson 23rd Street in New York City. We are also currently renovating spaces for the opening of a new store in New York City.
IPO Data
IPO Date 03/29/2023
Offer Price $4.00
Price Range $4.00 - $6.00
Offer Shares (mm) 3.4
Deal Size ($mm) $14
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
D. Boral Capital
Valuable Capital
Company Data
Headquarters Urumqi, China
Founded 2009
Employees at IPO 294
Website www.patisseriechanson.com

Chanson International (CHSN) Performance

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