Author Archives: Jan Paschal

Singapore’s ride-hailing app – Ryde Group Ltd. (RYDE) – priced its micro-cap IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – on Tuesday night, March 5, 2024. Ryde Group priced 3.0 million Class A ordinary shares – the number in the prospectus – at $4.00 to raise $12.0 million on Tuesday […]

Lucas GC Limited (LGCL), a profitable Chinese job recruitment platform for HR professionals, is the first IPO priced in March 2024. Lucas upsized its IPO at pricing – to 1.5 million shares – up from 1.25 million in the prospectus – and priced the IPO at $4.00 – the low end of its $4.00-to-$6.00 range […]

Ride on may be the mantra for the IPO Calendar as March begins. The Ryde Group Ltd. (RYDE Proposed), a Singapore-based carpooling, ride-hailing and package delivery app, plans to price its  micro-cap IPO early this week. RYDE is one of four carry-over deals from last week. The carry-overs represent half of this week’s lineup of […]

SolarMax Technology (SMXT) priced its small-cap IPO at $4.00 and sold 4.5 million shares – the terms in the prospectus – and raised $18.0 million, Wall Street sources confirmed today (Tuesday, Feb. 27, 2024). Shares of SolarMax Technology scored a moonshot at around 1:50 p.m. EST today – jumping to $8.38 – up 109.5 percent […]

Finally: Reddit Inc. (RDDT Proposed) pulled back the curtain to reveal its plans for going public with its S-1 filing on Thursday afternoon (Feb. 22, 2024). The San Francisco-based social media company, whose r/Wall Street Bets subreddit drove the “meme stock” madness during the pandemic, did not disclose terms for its IPO. Reddit, founded in […]

AI-focused Astera Labs, Inc. gave Wall Street a welcome wake-up call today – Wednesday, Feb. 21, 2024 – with the unveiling of its plans to go public. The chip connectivity products, software and platform developer’s IPO is estimated at a placeholder figure of $100 million. Some on the Street believe that Astera Labs’ IPO could raise five times […]

Wetouch Technology (WETH) cut the size of its public offering/NASDAQ uplisting to 2.16 million shares – down from 3.0 million shares in the prospectus – and priced the deal at $5.00 – the low end of its $5.00-to-$7.00 range – to raise $10.8 million on Tuesday night (Feb. 20, 2024). The company trimmed the deal’s […]

Small deals make up the IPO Calendar for this short holiday week, which began with Presidents Day. The U.S. stock market was closed Monday, Feb. 19, 2024, for the federal holiday. Most IPO investors are keeping an eye out for news about potential big deals on the horizon such as Reddit, which has not filed its […]

Unusual Machines, Inc. (UMAC), a drone technology company based in San Juan, Puerto Rico, upsized its micro-cap IPO at pricing to 1.25 million shares – up from 1.0 million shares in the prospectus – and priced the deal at $4.00 – the low end of its $4.00-to-$6.00 range – to raise $5.0 million on Tuesday […]

BBB Foods, Inc. (TBBB), the parent of Mexico’s Tiendas 3B discount grocery store chain, priced its upsized IPO at $17.50 – the top of its recently increased range – on 33.66 million shares – the number of shares in its revised prospectus – to raise $589.05 million on Thursday night (Feb. 8, 2024). Shares of […]