As governments impose harsh restrictions, excessive taxes, and even outright vape bans, investors remain willing to gamble that vaping has a future in the consumer marketplace.
The latest example is Shenzhen, China-based vape manufacturer Aspire, which is set to launch an initial public offering (IPO) of 15 million shares. The Global Aspire company will be traded on the U.S. Nasdaq exchange under the symbol ASPG.
Aspire plans to raise $120 million with the sale, with its stock commanding $7-9 a share. According to a press release, the midpoint of that range would result in a market value of $1.3 billion for the company. Tiger Brokers, EF Hutton, TF International, and China Merchants Securities are managing the IPO.
Jim McDonald – vaping360.com – 2021-07-19.
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