Sichenzia Ross Ference LLP Represents Wunong Net Technology Company Limited in $30 Million Initial Public Offering
December 23 2020 - 8:00AM
Sichenzia Ross Ference LLP, a full service law firm with nationally
recognized corporate, securities and litigation practices,
announced today that it represented Wunong Net Technology Company
Limited (Nasdaq: WNW) in a $30 million initial public offering of
its ordinary shares. Wunong Net Technology Co. Ltd. (“Wunong”) is a
China-based e-commerce company which uses an innovative e-platform
to sell a myriad of food products.
The offering was comprised of 5,000,000 ordinary shares of
Wunong at a price of US$5.00 per share to the public for a total of
US$25,000,000 of gross proceeds to Wunong. In addition, the
underwriters have purchased 999,910 ordinary shares from a selling
shareholder for US$4,999,550 for a total of US$29,999,550 in total
gross proceeds from the offering.
Boustead Securities, LLC and Brilliant Norton Securities Company
Limited acted as lead underwriters for this firm commitment
offering.
The Sichenzia Ross Ference LLP team was led by partner, Benjamin
Tan.
About Sichenzia Ross Ference LLP
SRF is a full service law firm with a nationally recognized
corporate, securities and litigation practice that provides
experienced representation in all matters involving the securities
industry. In addition to handling routine to complex
commercial matters, SRF’s renowned litigation department
specializes in defending companies and individuals against all
types of securities cases, including class action lawsuits,
shareholder derivative actions, and matters involving allegations
of fraud, misrepresentation or other securities violations.
The litigation team has also brought defamation lawsuits against
companies and individuals related to market manipulation.
Additionally, it represents individuals and companies in
investigations by the Securities and Exchange Commission (SEC) and
other regulatory bodies. The litigation team has a robust
practice representing brokers and broker-dealers in arbitrations
before the Financial Industry Regulatory Authority (FINRA).
These arbitrations typically involve claims of unsuitability,
churning, unauthorized trading and other allegations of broker
misconduct. Finally, SRF has a burgeoning expungement
practice, where it represents brokers seeking to have negative and
harmful customer complaints removed from their industry
records. The firm complements its core practice areas with an
established commercial real estate and trusts and estates
practice.
Media Contact: marketing@srf.law
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