Jeffs’ Brands Ltd. said Friday in a filing with the U.S. Securities and Exchange Commission that it plans on launching its initial public offering of units on the Nasdaq Capital Market.
The Israel-based company didn’t set a number of units or time frame in its filing, but did say it would be trading under the symbol JFBR.
Jeffs’ Brands, an e-commerce company operating primarily on Amazon Marketplace, is a 50.03%-owned subsidiary of Medigus Ltd. Medigus submitted a draft registration statement for Jeffs Brands’ IPO in November.
The company had revenue of $1.91 million for the six months ended June 30, 2021, compared with $1.16 million for the six months ended June 30, 2020. The company saw profit of $851,000 for the six months ended June 30, 2021.