JWEL News

The IPO market stayed busy this past week, with 11 IPOs raising $3.0 billion. The week’s IPOs were joined by 24 SPACs that raised $8.4 billion. New filers continued to fill the IPO pipeline, with 8 IPOs and 46 SPACs submitting initial filings. Chinese IoT platform developer Tuya (TUYA) priced above the range to raise $915 million at an $11.8 billion...read more

Jowell Global, a Chinese direct sales company offering beauty and home goods under the Longrich brand, raised $26 million by offering 3.7 million shares at $7, as expected. At pricing, the company commands a market value of $174 million. Jowell Global sells cosmetics, health products, nutritional supplements, and household goods in China, primarily under its Longrich brand (90%...read more

The IPO market remained active during the shortened holiday week, with three IPOs and seven SPACs raising total proceeds of $2.5 billion. The week was led by Russian e-commerce platform Ozon Holdings (OZON), which upsized and priced above range to raise $990 million at a $5.4 billion market cap. Backed by private equity firm Baring Vostok and Russian...read more

Jowell Global, which operates an e-commerce platform for cosmetics and health products in China, filed on Monday with the SEC to raise up to $26 million in an initial public offering. The Shanghai, China-based company plans to raise $26 million by offering 3.7 million shares at $7. At the proposed deal size, Jowell Global would command a market value of $174 million. ...read more