Category Archives: The IPO Buzz

Powell Max (PMAX) cut its small IPO at pricing to 1.43 million shares (1,426,750 shares) and priced the deal at $4.00 – the low end – to raise $5.71 million, the company said today – Thursday, Sept. 5, 2024. Powell Max shares opened today at $4.30 – up 30 cents from their IPO price – in […]

  Pheton Holdings Ltd.( PTHL) trimmed its small IPO to 2.25 million shares at pricing – down from 2.5 million shares in the prospectus – and priced the IPO at $4.00 – the low end of its $4.00-to-$5.00 range – to raise $9 million on Wednesday night, Sept. 4, 2024. Pheton’s stock slipped in its […]

Labor Day Monday marked the pause before the IPO market’s run for the home stretch of the year. There’s plenty of power in the IPO Pipeline  – with 10 IPOs in the $100 million-and-up class aiming to raise combined proceeds of at least $1.1 billion. And though $1 billion-plus is a nice round number, it […]

GigCapital7 (GIGGU) shares slipped in their NASDAQ debut on Thursday, Aug. 29, 2024, after the SPAC downsized its IPO by 20 percent at pricing and raised $200 million on Wednesday night. GigCapital7 Corp.’s stock opened at $9.94 – down 6 cents from its $10.00 IPO price – at 10:03 a.m. EDT on Thursday, Aug. 29, […]

Safe Pro Group (SPAI) priced its downsized small-cap IPO at $5.00 – the mid-point of its $4.75-to-$5.25 price range – and sold 1.0 million shares to raise $5.0 million on Tuesday night, Aug. 27, 2024. Safe Pro’s stock started trading at $4.00 – down $1.00 or off 20 percent from its $5.00 IPO price – […]

Entertainment and lifestyle-focused Black Spade Acquisition II (BSIIU) raised $150 million – as expected – with the pricing of its SPAC IPO of 15.0 million units at $10.00 each on Tuesday night, Aug. 27, 2024. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Black Spade Acquisition II shares […]

Autozi Internet Technology (Global) Ltd.  (AZI) of China priced its small-cap IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – and sold 2.5 million shares – the number of shares in the prospectus – to raise $10.0 million on Tuesday night, Aug. 27, 2024. Autozi’s stock opened at $3.90 – down […]

August is winding down this week with just five small IPOs in the offing.  A couple of SPAC IPOs are on the pricing radar as well. That light traffic is typical for this time of year. It’s a popular getaway week for Wall Street pros and investors  in the countdown to the Labor Day holiday […]

Industrial drum supplier JBDI Holdings (JBDI) of Singapore priced its micro-cap IPO at $5.00 – the high end of its range – and sold  2.25 million shares – as expected – to raise $11.25 million on Monday night, Aug. 26, 2024. The terms in the prospectus showed a price range of $4.00 to $5.00. Of the […]

Two small IPOs raised a total of $16.5 million on Thursday night (Aug. 22, 2024) – WORK Medical Technology Group Ltd. (WOK) brought in $8.0 million – and Reitar Logtech Holdings (RITR) took in $8.5 million. Both holding companies are incorporated in the Cayman Islands. Both IPOs started trading today – Friday, Aug. 23, 2024 […]