Sichenzia Ross Ference LLP Represents Wunong Net Technology Company Limited in $30 Million Initial Public Offering
Press Release – New York, NY – December 17, 2020 – Sichenzia Ross Ference LLP announced today that it represented Wunong Net Technology Company Limited (Nasdaq: WNW) in a $30 million initial public offering of its ordinary shares. Wunong Net Technology Co. Ltd. (“Wunong”) is a China-based e-commerce company which uses an innovative e-platform to sell a myriad of food products. The offering was comprised of 5,000,000 ordinary shares of Wunong at a price of US$5.00 per share to the public for a total of US$25,000,000 of gross proceeds to Wunong. In addition, the underwriters have purchased 999,910 ordinary shares from a selling shareholder for US$4,999,550 for a total of US$29,999,550 in total gross proceeds from the offering.
Boustead Securities, LLC and Brilliant Norton Securities Company Limited acted as lead underwriters for this firm commitment offering.
The Sichenzia Ross Ference LLP team was led by partner Benjamin Tan.
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