Shares of E-Home Household Service Holdings (EJH) has skyrocketed 300% on IPO day when it opened for trading.
The company is based in Fuzhou, China and provides integrated household services through its website and WeChat platform, primarily including home appliance services and housekeeping services.
The 5,555,556 ordinary shares at a public offering was priced at $4.50 per share, which comes to $25,000,002.
The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading today, May 14, 2023 under the ticker symbol “EJH”.
Proceeds from the Offering will be used for investment in product development, sales and marketing activities, and technology infrastructure; improvement of corporate facilities and other general and administrative matters; acquisition of, or investment in, technologies, solutions or businesses that complement our business; and general corporate purposes.
The Offering is being conducted on a firm commitment basis. Joseph Stone Capital, LLC is acting as the lead underwriter for the Offering. Bevilacqua PLLC is acting as counsel to the Company, and Davidoff Hutcher & Citron LLP is acting as counsel to Joseph Stone Capital, LLC in connection with the Offering.