IPO for Jowell Global Ltd. (JWEL) Opens 23% Higher

Today's IPO for Jowell Global Ltd. (NASDAQ: JWEL) opened for trading at $8.60 after pricing 3,714,286 ordinary shares at a price of $7.00 per share.

Network 1 Financial Securities, Inc. is acting as sole book runner and lead underwriter for the offering and Alexander Capital, LP. is acting as co-underwriter.

Jowell Global Ltd. (the “Company”) operates one of China's leading e-commerce platforms for cosmetics, health and nutritional supplements and household products - Juhao Mall. The Company provides its own brand products to customers and sells and distributes other companies' health and nutritional supplements, cosmetics and certain household products on the Juhao Mall platform. In addition, Juhao Mall allows third parties to open their own stores on its platform. The Company has also been selling its products through authorized retail stores all across China, which operate under the brand name of “Love Home Store” or “LHH Store”.

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