The IPO Buzz: Light Traffic as Memorial Day Starts a Short Week
Memorial Day is traditionally linked to a slight pause in IPO traffic. Just three micro-cap IPOs are on the IPO Calendar for the week of May 29, 2023. The U.S. stock market will be closed Monday, May 29, for Memorial Day, the federal holiday honoring the men and women in the U.S. military who have died in service to their country. The long Memorial Day weekend also marks the unofficial start of su..
Read more May 28, 2023IPO Calendar
| Company | Symbol proposed | Shares (Millions) | Est. $ Volume | Expected to Trade | SCOOP Rating | Rating Change |
|---|---|---|---|---|---|---|
| ALE Group Holding Limited | ALEH | 1.3 | $ 6.3 mil | 5/29/2023 Week of | S/O | S/O |
| 60 Degrees Pharmaceuticals, Inc. | SXTP | 1.4 | $ 7.5 mil | 6/1/2023 Thursday | S/O | S/O |
| Azitra Inc. | AZTR | 2.4 | $ 12.0 mil | 6/1/2023 Thursday | S/O | S/O |
Last 100 IPOs - May 29, 2023
| Number of IPOs priced : | 97 |
| Number Up: | 21 |
| Number Down: | 76 |
| Number Unchanged: | 0 |
| Percentage Change From Issue Price: | -10.75% |
| Percentage Change for The Nasdaq Composite | 5.87% |
2023 IPO Scorecard - May 29, 2023
| Number of IPOs priced (Excluding 18 units) : | 52 |
| Number Up: | 17 |
| Number Down: | 35 |
| Number Unchanged: | 0 |
| Total Return From Issue Price: | 4.79% |
| The Nasdaq Composite Index YTD % Change | 21.32% |