Author Archives: Jan Paschal

At last. SoftBank Group Corp.’s semiconductor subsidiary Arm Holdings Ltd. (ARM proposed) filed its F-1 late Monday afternoon (Aug. 21, 2023) without disclosing terms in what will be 2023’s biggest IPO. The filing ended Wall Street’s watch party of the last few weeks. Arm’s IPO could raise about $8 billion to $10 billion, according to […]

99 Acquisition Group (NNAGU) trimmed its SPAC IPO at pricing to raise $75.0 million on Thursday night (Aug. 17, 2023): 7.5 million units – down from 8.0 million in the prospectus – at $10.00 per unit. The real estate-focused SPAC’s IPO started trading today – Friday, Aug. 18, 2023 – on the NASDAQ. 99 Acquisition […]

Sacks Parente Golf Inc. (SPGC) shares scored a moonshot today. The stock jumped 624.25 percent in its NASDAQ debut today (Tuesday, Aug. 15, 2023). The stock surged in afternoon trading to touch a session high at $24.00 – up $20.00 from its $4.00 IPO price. A moonshot occurs whenever a stock gains 100 percent or more – doubling […]

Theme park souvenir maker SRM Entertainment (SRM) raised $6.25 million on Monday night (Aug. 14, 2023) by pricing its micro-cap IPO at $5.00, as expected. The company priced  1.25 million shares at $5.00 in the IPO. SRM Entertainment’s stock fell $1.00 – or 20 percent – to open at $4.00 at 10:45 a.m. EDT today (Tuesday, […]

LQR House (LQR) priced its micro-cap IPO of 1.0 million shares at $5.00 – the mid-point of its $4.00-to-$6.00 price range – on Wednesday night (Aug. 9, 2023) to raise $5.0 million. The deal’s pricing was in sync with the terms in the prospectus. Shares of LQR House opened flat at $5.00 at 10:45 a.m. […]

NeurAxis Inc. (NRXS), the manufacturer of the IB-Stim pain relief device to help IBS patients ages 11-18, raised $6.59 million by pricing its IPO at $6.00, as expected. The medical device maker announced its IPO pricing today (Wednesday, Aug. 9, 2023) – within an  hour of when its stock was expected to make its trading […]

Fitell Corp. (FTEL), the Australian online fitness equipment retailer, priced its micro-cap IPO at $5.00 – the low end of its $5.00-to-$6.00 range – on 3.0 million shares – the number in the prospectus – to raise $15.0 million on Monday night (Aug. 7, 2023). Fitell’s stock opened flat at $5.00 at 10:45 a.m. EDT […]

Synthetic THC (cannabinoid) drug developer MIRA Pharmaceuticals (MIRA) raised $8.93 million on Wednesday night (Aug. 2, 2023) by pricing its tiny IPO  in sync with the terms in its prospectus: 1.28 million shares (1,275,000 shares) at $7.00. The stock opened flat at $7.00 at 10:45 a.m. EDT today (Thursday, Aug. 3, 2023) in its NASDAQ […]

Bankers priced the first two IPOs of August at the low end. Both tiny deals were priced Monday night (July 31, 2023), along with a third micro-cap IPO that was priced in line with the terms in its prospectus. All three deals were set for NASDAQ debuts today – Tuesday, Aug. 1, 2023. Let’s take […]

An Asia-Pacific trip is in the IPO cards for August. As the IPO Calendar flips the page to August this week, the wind is blowing in from the Asia-Pacific region. Five of the seven micro-cap IPOs on tap so far for pricing this week and next have ties to Asia-Pacific countries – China, Australia, Japan, […]