iPower (IPW) IPO Opens 11% Higher

Today's IPO for iPower Inc. (NASDAQ: IPW) opened for trading at $5.66 after pricing 3,360,000 shares of Common Stock at a public offering price of US$5.00 per share.

D.A. Davidson & Co., Roth Capital Partners, LLC, and US Tiger Securities, Inc. are acting as joint book running managers and as representatives of the underwriters for the offering. Michelman & Robinson, LLP acted as counsel to the Company, and Orrick, Herrington & Sutcliffe LLP acted as counsel to the underwriters in connection with the Offering.

iPower Inc. is one of the leading online retailers and suppliers of hydroponics equipment and accessories in the United States. The Company offers thousands of stock keeping units from its in-house brands as well as hundreds of other brands through its website, www.zenhydro.com, and its online platform partners all of which are fulfilled from its two fulfillment centers in southern California. iPower has a diverse customer base that includes commercial users and individuals.

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