iPower Inc. (IPW): Price and Financial Metrics Recent IPO
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IPW Price/Volume Stats
|Current price||$7.35||52-week high||$9.15|
|Prev. close||$7.74||52-week low||$4.80|
|Day high||$7.74||Avg. volume||349,562|
|50-day MA||$0.00||Dividend yield||N/A|
|200-day MA||$0.00||Market Cap||183.49M|
iPower Inc. (IPW) Company Bio
iPower Inc. supplies hydroponics equipment online in the United States. It offers various products, including advanced indoor and greenhouse grow-light systems, ventilation systems, activated carbon filters, nutrients, growing media, hydroponic water-resistant grow tents, trimming machines, pumps, and accessories for hydroponic gardening, as well as other indoor and outdoor growing products under the iPower and Simple Deluxe brands through its Zenhydro.com website and various third-party e-commerce channels. The company was formerly known as BZRTH Inc. and changed its name to iPower Inc. in September 2020. iPower Inc. was founded in 2018 and is based in Duarte, California.
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Latest IPW News From Around the Web
Below are the latest news stories about iPower Inc that investors may wish to consider to help them evaluate IPW as an investment opportunity.
iPower Inc. (Nasdaq:IPW) ("iPower" or the "Company"), one of the leading online hydroponic equipment suppliers and retailers in the United States, today announced that iPower's Chief Executive Officer and Founder, Chenlong Tan, rang the Nasdaq Closing Bell on Thursday, May 27, 2021, in celebration of the Company's recent listing on Nasdaq. iPower began trading on the Nasdaq Capital Market on May 12, 2021.
iPower Inc. Announces Closing of Underwriters' Overallotment Option in Connection with Initial Public Offering
iPower Inc. (Nasdaq: IPW) ("iPower"), one of the leading online hydroponic equipment suppliers and retailers in the United States, today announced that it has completed the sale of an additional 504,000 shares of common stock at the public offering price of $5.00 per share pursuant to the exercise in full of the overallotment option granted to the underwriters in connection with iPower's recently completed initial public offering ("IPO"), at which iPower sold a total of 3,360,000 shares of common stock at the public offering price of $5.00 per share.
Global-E and IPower are trading on the Nasdaq, while Similarweb’s first day came on the New York Stock Exchange. IPower (ticker: IPW) was the first to open, with shares starting at $5.66. The stock hit a high of $7.67 and closed at $5.74, up nearly 15% from its offer price.
IPower Inc. received a nice reception in its public debut Wednesday, even after the seller of hydroponic equipment's initial public offering priced below the recently lowered expected range. The stock's first trade was at $5.66 at 11:37 a.m. ET for 228,400 shares, which was 13.2% above the IPO price of $5 a share. The IPO was priced below the expected range of between $7 and $9 a share, which was lowered last week from a previously expected range of between $9 and $11 a share. At that opening price, the company was valued at $139.3 million. The stock has added slightly to its gains since the open, to recently trade up 15.0% at $5.75. The stock's positive open occurred on a day that the Renaissance IPO ETF slumped 3.0% and the S&P 500 dropped 1.2%.
iPower Inc. (the "Company"), one of the leading online hydroponic equipment suppliers and retailers in the United States, today announced that it priced its initial public offering ("Offering") of 3,360,000 shares of Common Stock at a public offering price of US$5.00 per share and will begin trading on the Nasdaq Capital Market under the ticker symbol "IPW."
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