Chanson International, which operates a chain of bakeries in China and New York City, is set to list on the Nasdaq on Friday, March 31. The company headquartered in Urumqi, China now plans to issue 3.8 million shares at a price range of $4 to $6, raising $19 million. The company had previously applied to issue 3 million shares within the same price range. With the revised deal size, Chanson International will raise 25% more funds than previously expected, with a market capitalization of $64 million (a 6% increase compared to the original terms). Chanson produces and sells a variety of baked products, seasonal products and beverage products, distributing its goods through its bakery chain which has 29 stores in Xinjiang, China and two stores in New York City. Chanson aims to open 3 to 5 new stores annually in China and 8 stores in the United States over the next five years, with the goal of making healthy, nutritious ready-to-eat foods while creating a comfortable storefront environment where customers can enjoy its products. As of December 2022, the company sold over 707 types of baked and seasonal products at its China stores, and 131 different products at its New York stores. Founded in 2009, Chanson International recorded $16 million in sales over the 12 months ending June 30, 2022. It plans to list on the Nasdaq under the ticker symbol CHSN. EF Hutton is the sole bookrunner for the offering. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting Management Co., Ltd. is the domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same actual controller. Both companies share the same actual controller, are all under the unified management of one China, and comply with the laws of Hong Kong and mainland China.