The maker of Aspire, which sells tobacco products worldwide and vaping products in the United States, is looking to go public
Inspire Technology Inc., a specialist in cannabis and tobacco vape products, filed plans Tuesday to raise about $42 million in an upcoming initial public offering.
Inspire Technology Inc. plans to offer 6 million shares at a price range of $6 to $8 a share for trading on the Nasdaq under the symbol ISPR, according to a filing. With 56 million shares outstanding, the company’s market cap would stand at $392 million. It also reported a net loss of $2.95 million and revenue of $58.8 million in the six months ended Dec. 31, compared to net income of $1.28 million and revenue of $47.2 million in the year-ago period.
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