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iPower Priced, Nasdaq: IPW

Online hydroponic equipment supplier.

Industry: Industrials

Latest Trade: $4.61 +0.05 (+1.0%)

First Day Return: +14.8%

Return from IPO: -8.8%

Industry: Industrials

iPower, Inc. (formerly, BZRTH, Inc.) was formed in April of 2018. We believe we are one of the largest online hydroponic equipment suppliers in the United States. We own and operate the retail website www.zenhydro.com where we sell more than 23,000 stock keeping units (“SKUs”) and multiple best-selling products which enable our customers to grow vegetables, fruits and flowers, and other plants, including cannabis. The Company leases more than 72,000 square feet of floor area space across our two fulfillment centers just outside of Los Angeles, California. In addition to our website, iPower sells its products through third party distribution channels including Amazon, eBay and Walmart. Our private label products, marketed under the iPower and Simple Deluxe brands, include HVAC exhaust blowers, CFM duct inline fans with carbon filters and hydroponic water-resistant grow tents, grow light systems, trimming machines, pumps and many more hydroponic-related items; some of which have been designated as Amazon best seller product leaders. We currently offer approximately 3,000 proprietary, private label products to consumers, as well as more than 400 brands manufactured by third party vendors.
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IPO News for iPower
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IPO Data
IPO File Date 02/01/2021
Offer Price $5.00
Price Range $7.00 - $9.00
Offer Shares (mm) 3.4
Deal Size ($mm) $17
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/11/2021
Offer Price $5.00
Price Range $7.00 - $9.00
Offer Shares (mm) 3.4
Deal Size ($mm) $17
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Duarte, CA
Founded 2010
Employees 27
Website www.meetipower.com