日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Companies

Ag-product firm rides organic trend in IPO

By Aaron Hagstrom in New York | China Daily USA | Updated: 2018-02-27 17:03
Share
Share - WeChat

"Everyone wants to eat vegetables and mushrooms," Farmmi CEO Yefang Zhang said following her company's successful IPO on the Nasdaq Stock Market.

The Chinese organic agricultural product supplier rang the opening bell at the Nasdaq MarketSite on Monday, basking in a recent IPO that beat expectations.

In the company's initial public offering, which was on Feb 16, the Chinese New Year, it offered shares at $4 that were bid up more than 50 percent to close at $6.18.

Shares of the Lishui-based company, which trade under the ticker symbol "FAMI," increased another 11.2 percent to close at $6.67 in Monday trading.

"Listing on Nasdaq is a very important milestone for Farmmi," Zhang said on Monday. "We will strive to keep growing the business to ensure we meet our commitment to deliver the finest agricultural products.

"The IPO was higher than our expectations, and we are satisfied with that," she said. "We thought investors liked the product, but we didn't expect the price to go (so) high."

Zhang said she aims to build an "internet platform for organic and healthy eco-agricultural products".

Farmmi raised $6.72 million in its 1.68 million-share offering. The company increased the ceiling from the $5 million sought in November's original filing because of demand.

On Feb 23, ViewTrade Securities Inc, the sole underwriter, announced it had purchased an additional 252,000 ordinary shares at the IPO price of $4.

"The underwriter was full of confidence in Farmmi, so that is why we raised a higher range," Zhang said. "We have a huge market in China for organic food because China has the largest population in the world, and everyone wants to eat vegetables and mushrooms because they're healthy."

Founded in 2015, the company primarily sells shiitake mushrooms, mu er mushrooms, other edible fungi and other agricultural products - 200 in total. Farmmi hopes to raise its product offering to 5,000 in three years, Zhang said.

The company has about 100 employees and offers its products through online distributors Taobao and Jingdong Mall, as well as through an online store, Farmmi Liangpin Mall.

"We're full of confidence that we'll do better based on the role of the local geography," Farmmi said in an interview. "All mushrooms and organic foods are from a specific provinces (that) have rich and good-quality soil. That makes us competitive in a global environment."

The company's raw materials come from family farms in Lishui in Zhejiang province as well as other provinces in China. Farmmi's two processing plants are located in Lishui.

About 90 percent of the company's products are sold in China and the rest in the US, Japan, Canada, Europe and the Middle East.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 丁香综合五月 | 国产麻豆精品 | 新神奇四侠免费完整版在线观看 | 久久精品国产免费中文 | 久久久久亚洲一区二区三区 | 国产精品视频播放 | 成人一区二区在线观看视频 | 色偷偷亚洲男人 | 99在线视频精品 | 免费视频99 | 色呦呦在线免费观看 | 久久美女 | 君岛美绪一区二区三区在线视频 | 欧美精品99 | 亚洲国产成人av好男人在线观看 | 国产福利区一区二在线观看 | 国产成人午夜精品5599 | 亚洲成人中文字幕 | 日韩福利在线观看 | 久久999| 日韩欧美国产网站 | 四月婷婷七月婷婷综合 | 亚洲精品在线观看视频 | 中文字幕日本电影 | 98精品国产高清在线xxxx | 日本黄色不卡视频 | 国产精品欧美一区二区三区 | 日本不卡高清免费 | 免费精品久久久久久中文字幕 | 国产精品99爱免费视频 | 亚洲性色成人 | 久久综合九色综合欧洲色 | 精品欧美一区手机在线观看 | 国产精品中文字幕在线 | 日韩视频一区二区三区 | 人人人人干 | 欧美精品免费在线 | 久久99精品视频 | 日本黄大片视频在线播放 | 日本久草视频 | 曰批全过程40分钟免费视频多人 |