Univest Securities' Client Universe Pharmaceuticals Closes on $25M IPO
Pryor Cashman represented Univest Securities, LLC as the underwriter’s counsel in the initial public offering by Universe Pharmaceuticals INC, (NasdaqGM: UPC), a Cayman Islands exempted company. In the IPO, which closed on March 26, 2021, UPC raised approximately $25 million through the sale of Ordinary Shares at a public offering price of $5.00 per share. Universe Pharmaceuticals INC is a pharmaceutical producer and distributor in China. Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally including brokerage and execution services, sales and trading, market making, investment banking and advisory, wealth management.
Representing the underwriter were Partners Elizabeth Chen and Michael Campoli, associate Will Rao, all members of Pryor Cashman’s nationally-ranked Corporate Group. Chen is also chair of the firm’s China practice.
Learn more about this announcement in the press release linked below.
