iPower Inc Successfully Listed on Nasdaq (NASDAQ: IPW)
Industry: Industrial & E-commerce — Smart Gardening Equipment and Supply Chain Platform
Listing Date: 2021/5/11, NASDAQ
Funding Amount: 16.8 million USD
Partners: Tiger Brokers, D.A. Davidson & Co., Roth Capital Partners
Yangkang Asset assisted iPower Inc. (Ticker: IPW) in successfully listing on the Nasdaq Capital Market in the United States, raising 16.8 million USD and demonstrating the competitiveness of Asian e-commerce and green technology companies in the international capital market. iPower issued 3.36 million common shares at $5 per share and offers diversified hydroponic growing equipment and home gardening products through its own platform as well as channels like Amazon and Walmart, aiming to build the most efficient e-commerce supply chain platform in North America.
Following the listing, iPower plans to further invest in automated warehouse construction, upgrade the SuperSuite product line, and promote local manufacturing capacity in the U.S. In 2025, the company announced a strategic pivot into Bitcoin reserves and blockchain cloud computing services. It aims to integrate supply chain and Web3 applications to create a new business model combining digital assets and physical products. iPower will continue to deepen its core e-commerce strengths while moving towards a technology-driven cross-industry platform, expanding its influence in global green technology and digital innovation.