Author Archives: Jan Paschal

SYLA Technologies (SYT), a Japanese real estate developer, priced its micro-cap IPO at $8.00 – the price in the prospectus – on the full 1.875 million American Depositary Shares (ADS) in its SEC filing. The IPO raised $15.0 million. SYLA’s ADS began trading at 11:22 a.m. EDT today (Friday, March 31, 2023) on the NASDAQ […]

Shengfeng Development Ltd. (SFWL), the parent of one of China’s leading B2B freight logistics companies, downsized its micro-cap IPO at pricing – to 2.4 million shares – down from 3.0 million shares in the prospectus – and priced the IPO at $4.00 – the low end of its $4.00-to-$5.00 range. The IPO was priced Thursday night (March […]

Bermuda-based Himalaya Shipping Ltd. (HSHP) priced its public offering – in connection with its uplisting to the New York Stock Exchange – at $5.80 a share on Thursday night (March 30, 2023) – just 3 cents below its stock’s closing price on Monday (March 27, 2023) on the Euronext Expand in Oslo, Norway. Himalaya Shipping […]

The parent of Chinese bakery chain Chanson International Holding (CHSN) priced a slimmed-down version of its micro-cap IPO at $4.00 – the low end of its $4.00-to-$6.00 range – on Wednesday night (March 29, 2023). Chanson’s stock opened flat at $4.00 at 10 a.m. EDT today (Thursday, March 30) on the NASDAQ. By 10:12 a.m. EDT, though, […]

Hongli Group (HLP) shares rode Wall Street’s roller coaster today (Wednesday, March 29, 2023) in their NASDAQ debut. The stock opened at $4.40 – up 40 cents from their $4.00 IPO price for a 10 percent gain at the first tick. At the closing bell, Hongli’s stock was at $3.50 – down 50 cents from its […]

Jin Medical (ZJYL) and YanGuFang (YGF) priced their downsized micro-cap IPOs at the low end of their price ranges on Monday night (March 27, 2023). Both started trading today (Tuesday, March 28, 2023) on the NASDAQ. Jin Medical’s stock opened flat with its $8.00 IPO price, hit a session high at $10.29, and slipped to […]

Oak Woods Acquisition Corp. (OAKUU) made its NASDAQ debut today (Friday, March 24, 2023) with a 1.9 percent gain to close at $10.19 – up 19 cents from its $10.00 unit IPO price. Volume for the day: 4,891,435 shares. The stock’s closing price and its opening trade were identical. The Oak Woods IPO started trading […]

Marine fuel logistics company CBL International (BANL) gained 10.5 percent to close at $4.42 – up 42 cents from its $4.00 IPO price – on Thursday (March 23, 2023) – its first day of trading on the NASDAQ. Volume on CBL’s opening day: 1,346,577 shares. The Malaysian company’s stock looked strong from the first tick. CBL […]

Talk about a letdown. Mangoceuticals, Inc. (MGRX), which sells an ED (erectile dysfunction) pill and offers telehealth services, ended its first day of NASDAQ trading today (Tuesday, March 21, 2023) at $4.00 – the same as its IPO price. Volume for the day: 701,809 shares. Mangoceuticals – the first IPO of spring – rose 20 […]

Asia is the theme of this week’s IPO Calendar of seven micro-cap IPOs – with four from China,  one from Singapore and one from Japan. An American ED (erectile dysfunction) telehealth company’s mini IPO is also in the playbook. For the week of March 20, 2023, Wall Street’s eyes will be fixed on the Fed’s […]