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NEW YORK SNS x Social Status x Adidas Ultra Boost Blanche Noir Pas Cher , Feb. 5 (Xinhua) -- Chinese vertically integrated online-to-offline (O2O) home improvement service and product providers SSLJ Limited on Monday rang the Nasdaq Stock Market opening bell in celebration of its Initial Public Offerings (IPO), notching the first Nasdaq IPO of a Chinese company this year.
SSLJ, trading under the ticker symbol of "SSLJ," priced its initial public offering of 4 million Class A ordinary shares at a public offering price of 5.00 U.S. dollars per share for a total of 20 thousand dollars in gross proceeds before expenses.
SSLJ started trading exactly at 5.00 dollars per share on Monday Adidas Ultra Boost Plum Violet Pas Cher , but then slid as U.S. stocks continued its previous day's sell-off on Monday, with the Dow recording its worst one-day point drop in history. At the close, the company's shares tumbled 28.20 percent to 3.59 dollars a share.
"Our listing as a public company on the Nasdaq is a significant milestone for SSLJ, which will give us a better growth platform to create more value for clients and shareholders Adidas Ultra Boost Grise Rose Pas Cher ," Wei Zheng, Chairman and CEO of SSLJ, said at the opening bell ceremony.
Compared to traditional home improvement service providers, SSLJ's O2O business model provides its customers with a highly cost efficient one-stop overall home improvement package and attracts online user traffic Adidas Ultra Boost Pure Blanche Pas Cher , Zheng believed.
According to the Prospectus, the company plans to use the net proceeds of this offering primarily for general corporate purposes, which may include establishment of new branch companies and sales offices, expansion of existing branch companies Adidas Ultra Boost Marine Jade Blanche Pas Cher , investment in product research and development, sales and marketing activities, etc.
Founded in July 2014, SSLJ's revenue amounted to 7.3 million U.S. dollars during the six months ended June 30 Homme Adidas Ultra Boost 4.0 Marine Multicolor Pas Cher , 2017, with a net loss of 9.2 million dollars, due to advertising activities in the second quarter of 2017, together with increased effort in building up its research and development department Homme Adidas Ultra kids Cheap Air Max Shoes Cheap Nike Air Max Cheap Air Max 2018 Cheap Air Max 90 Ultra nike air max tn wholesale mens air max shoes wholesale Cheap Air Max 270 Mens Air Jordan 12 For Sale |
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