Category Archives: The IPO Buzz

China and Malaysia are in play this week. Five micro-cap IPOs are set for pricing so far during the week of April 10, 2023, as Wall Street gradually gets back into gear after the long Easter weekend. Two Chinese companies, two Malaysian companies and one U.S. subsidiary of a Canadian company are in the micro-cap […]

April got off to a roaring start with the first moonshot of the year. Nine micro-cap names graced the IPO Calendar as this short holiday week got under way. The U.S. stock market will be closed on Friday (April 7, 2023) for Good Friday, which is the start of the three-day Easter weekend. Passover will […]

First IPO of April: Shares of Singapore heavy equipment company Multi Ways Holdings (MWG) surged 254.8 percent to close at $8.87 – up $6.37 from their $2.50 IPO price – in their NYSE-American Exchange debut on Monday (April 3, 2023). For the record, Multi Ways Holdings became the first IPO this year to score a moonshot […]

Shares of HiTek Global (HKIT) popped above $6.00 – up more than $1.00 from their $5.00 IPO price – after a flat start today (Friday, March 31, 2023) in their NASDAQ debut. HiTek Global, the Cayman Islands holding company of a Chinese IT consulting business, priced 3.2 million shares – down from 4.0 million shares […]

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 […]