Eddid Financial’s 1st U.S. IPO in 2023: Ispire (Nasdaq: ISPR) open book

Eddid Financial is thrilled to announce its underwriting of Ispire’s (Nasdaq: ISPR) IPO, making it the first cannabis vaping products company to be listed in the U.S. market.

The IPO is open for subscription from Feb 17 – 24 (HKT), subject to the time announced by the lead underwriter.

With a history of pioneering vaping technology and owns 200+ patents, e.g. Ducore^TM, BDC (bottom dual coil), BVC (bottom vertical coil) technology and new coil technology with Cleito tank, to offer users best experience.

With 19 states and District of Columbia (D.C.) approving marijuana for recreational purposes and 39 for medicinal use, the potential for growth in the U.S. marijuana market is huge.

As the U.S. cannabis market continues to expand, demand for marijuana vaping products is set to soar. Euromonitor's report predicts that cannabis vaping markets will reach US$9.6B in 2025, while Ispire's revenue from cannabis products has experienced an impressive 832% YOY growth in the last fiscal year, increasing from US$2.1 million to US$20.0 million.

This marks Eddid Financial's second U.S. IPO, following AMTD Digital (NYSE:HKD), which is a testament to our reputation and credibility in the global capital market. We are proud to be underwriting Ispire's IPO and look forward to continuing to support innovative and growing companies.

*For Hong Kong Professional Investor’s subscription only

*Investment involves risks, be cautious of trading.

Disclaimer: Eddid Financial acted as the underwriter for the placement, and a conflict of interest may affect the objectivity of the content. This placement is only offered to professional investors define under Securities and Futures Ordinance. All opinions, news, analysis, prices or other information shared in the seminar are provided as general market commentary and does not constitute investment advice, nor a solicitation or recommendation for you to buy or sell any financial instrument. You should therefore carefully consider whether such trading is suitable in light of your own financial position and investment objectives. Any reference to historical price movements is informational and based on our analysis. We do not represent or warranty that any such movements are likely to occur in the future, as past performance is not necessarily indicative of future results. While we believe the information contained herein to be reliable, we do not guarantee its accuracy or completeness. You understand that we do not produce the information with the intent of impacting your investment decisions, therefore, you release us from any liability for any losses, including without limitation, any loss of profit you may incur as a result of reliance on such information or entering into any transaction.

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Eddid Financial’s 1st U.S. IPO in 2023: Ispire (Nasdaq: ISPR) open book