SSLJ.com Limited Closes Initial Public Offering at $20 Million Underwritten by Boustead Securities, LLC; First Chinese IPO of...
February 02 2018 - 3:19PM
Boustead Securities, LLC (“Boustead”) client SSLJ.com Limited
(NASDAQ: SSLJ), a vertically integrated O2O home decoration service
and product provider in China, today announced the closing of its
initial public offering, selling the maximum amount of 4,000,000
Class A ordinary shares at a public offering price of $5.00 per
share for total of $20,000,000 in gross proceeds before expenses.
The shares are expected to begin trading Monday February 5, 2018 on
The NASDAQ Capital Market under the symbol “SSLJ.” Boustead
Securities was the Sole Underwriter of SSLJ’s initial public
offering, the firm’s fourth NASDAQ IPO of a Chinese company in the
past six months, and it’s first for 2018.
Mr. Wei Zheng, CEO of SSLJ.com commented, “We are
honored to have support from investors worldwide as we successfully
closed on our IPO and prepare to begin trading on The NASDAQ
Capital Market. We look forward to communicating our business
growth with our shareholders.”
Dan McClory, Head of Equity Capital Markets and Head of China at
Boustead Securities, said "SSLJ.com has received interest as the
first Chinese IPO in the U.S for 2018, and completed the offering
at the maximum amount. Our investors look forward to seeing SSLJ
trade on NASDAQ starting next week.”
The registration statement relating to the securities sold in
the IPO was declared effective by the Securities and Exchange
Commission (“SEC”) on January 3, 2018. The offer and sale of the
IPO securities are made only by means of a prospectus. A copy of
the final prospectus may be obtained by contacting the IPO’s sole
underwriter, Boustead Securities, LLC Attention: Equity Capital
Markets, 6 Venture, Suite 325, Irvine, CA 92618 USA,
offerings@boustead1828.com , or by telephone at +1 949 502 4409.
Ellenoff Grossman & Schole LLP acted as counsel to the Company.
Boustead Securities, LLC was represented by Ortolio Rosenstadt
LLP.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the Company's securities,
nor shall such securities be offered or sold in the United States
absent registration or an applicable exemption from registration,
nor shall there be any offer, solicitation or sale of any of the
Company's securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such state or
jurisdiction.
About SSLJ.com Limited SSLJ.com Limited is a pioneer in
the vertically integrated O2O home decoration service and product
market with one of the largest market shares in China. The Company
provides customers with a convenient, full-service, one-stop
solution for their homes’ interior decoration and improvement needs
by offering consulting, design, construction, and furnishing
services as well as modern, high-quality and high-tech products.
The Company has 9 branch companies and 12 sales offices in 10
cities, which are Beijing, Shanghai, Shenzhen, Wuhan, Suzhou,
Hefei, Zhengzhou, Tianjin, Chengdu, Xi’an. For more information,
please visit http://www.sslj.com/.
About Boustead Securities, LLC
Boustead Securities, LLC (“Boustead”) is an
investment banking firm that executes and advises on IPOs, mergers
and acquisitions, capital raises and restructuring assignments in a
wide array of industries, geographies and transactions, for a broad
client base. Boustead’s core value proposition is the ability to
create opportunity through innovative solutions and tenacious
execution. With experienced professionals in the United States and
around the world, Boustead's team moves quickly and provides a
broad spectrum of sophisticated financial advice and services. For
more information, visit http://www.boustead1828.com/
Forward-Looking Statements
This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact in this announcement are forward-looking
statements, including but not limited to, the listing of the
Company’s Class A ordinary shares on NASDAQ. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on current expectations and projections about future
events and financial trends that the Company believes may affect
its financial condition, results of operations, business strategy
and financial needs, including the expectation that the the
Company’s Class A ordinary shares will be approved for listing on
NASDAQ. Investors can identify these forward-looking statements by
words or phrases such as “may,” “will,” “expect,” “anticipate,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “potential,”
“continue,” “is/are likely to” or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results.
Boustead Securities, LLC Contact:
Dan McClory, Managing Director, Head of China, and Head of Equity Capital Markets
Phone: +1 (949) 502-4408
Email: dan@boustead1828.com
SSLJ.com Limited Contact:
Ms. Wing Chuen Rhoda Lau, CFO
Phone: +86 27-8366-8638
Email: ir@sslj.com
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