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Ispire Technology Priced, Nasdaq: ISPR

Sells branded tobacco and cannabis vape devices primarily in the US and Europe.

Industry: Consumer Staples

Latest Trade: $7.57 0.00 (0.0%)

First Day Return: +7.9%

Return from IPO: +8.1%

Industry: Consumer Staples

We are engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. We sell our tobacco products worldwide except for the People’s Republic of China and Russia. Although we sold tobacco products in the United States in the years ended June 30, 2021 and 2022, we are limited in the product we may sell and, because the sales did not justify the marketing and regulatory costs, we have ceased marketing tobacco vaping products in the United States. Our tobacco products are marketed under the Aspire brand name and are sold primarily through our distribution network. We were formed on June 13, 2022. We have two operating subsidiaries, Aspire North America LLC, a California limited liability company (“Aspire North America”), and Aspire Science and Technology Limited, a Hong Kong corporation (“Aspire Science”). On July 29, 2022, we acquired 100% of the equity interest in Aspire North America from Aspire Global Inc. (“Aspire Global”), and our wholly-owned subsidiary Ispire International Limited, a British Virgin Islands corporation (“Ispire International”), acquired 100% of the equity interest in Aspire Science from a wholly-owned subsidiary of Aspire Global.
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IPO Data
IPO File Date 01/31/2023
Offer Price $7.00
Price Range $6.00 - $8.00
Offer Shares (mm) 2.7
Deal Size ($mm) $19
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/03/2023
Offer Price $7.00
Price Range $6.00 - $8.00
Offer Shares (mm) 2.7
Deal Size ($mm) $19
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Tiger Brokers
TFI Securities
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Company Data
Headquarters Los Angeles, CA, United States
Founded 2010
Employees 56
Website www.ispiretechnology.com

Ispire Technology (ISPR) Performance