Wunong Net Technology Company Limited, an online food product retail website, has filed Form F-1 Registration Statement on September 17, 2020 with U.S Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $25 million by offering 5 million shares at the price range of $4 to $6. Assuming a successful IPO at the midpoint of the proposed range, the company expects a market capitalization of $125 million.
The company sells myriad food products on its website while the food products are from its suppliers. They provide customers with safe, high-quality, nutritious, tasty and non-genetically modified food products through our portfolio of trusted and well-known suppliers.
The Shenzhen, China-based company was founded in 2018 and booked $8 million in sales for the 12 months ended December 31, 2019. It plans to list on the Nasdaq Capital Market under the symbol “WNW.” Boustead Securities is the underwriter of the IPO.
The company engages Harney Westwood & Riegels LP. as US Securities Counsel, and Friedman LLP as Independent Auditor.
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