Category Archives: The IPO Buzz

GigaCloud Technology (GCT) shares soared 73.22 percent in their NASDAQ debut today – touching an intraday high of $21.22, up $8.97 from their $12.25 IPO price. The flight took off at the opening trade. GigaCloud Technology shares opened at $19.20 on Thursday (Aug. 18, 2022). At the first tick, the stock was up $6.95 or 56.73 […]

Innovative Eyewear (LUCY/ LUCYW) priced its micro-cap unit IPO at $7.50 – the low end of its $7.50-to-$9.50 range – on Sunday (Aug. 14, 2022) and sold more units – 980,000 units, up from 882,353 units in the prospectus – to raise $7.35 million. This smart eyewear company’s IPO pricing kicks off the third week of […]

Double moonshots on Friday: Forza X1 (FRZA) jumped 192.8 percent to $14.64, while Reborn Coffee (REBN) climbed 149 percent to $12.45 at their intraday highs this morning on their first day of NASDAQ trading (Aug. 12, 2022). A moonshot occurs when a stock’s price doubles – in effect, gains 100 percent – or more from […]

Malaysian payment app Treasure Global Inc. (TGL) shares skyrocketed to close at $17.82 – up 345.50 percent from their $4.00 IPO price – in their NASDAQ debut on Thursday (Aug. 11, 2022). Treasure Global priced its small-cap IPO at the low end of its range and upsized the deal to 2 million shares on Wednesday night […]

The slight breeze in the August heat is coming from just a handful of deals on the IPO Calendar for the week of Aug. 8, 2022. Of seven deals on tap as of Monday afternoon, only three IPOs are in the mix – bioAffinity Technologies, Inc. (BIAF proposed), a biotech’s tiny unit IPO; Forza X1, […]

Magic Empire Global Ltd. (MEGL) opened at $50.00 – up $46.00 from its $4.00 IPO price – for a gain of 1,150 percent in its first trade on the NASDAQ at 10:57 a.m. EDT this morning (Friday, Aug. 5, 2022). Volume was 12,702 shares, NASDAQ records showed. The small-cap IPO raised $20.0 million with the […]

August gets off to a slow start with just six deals on tap for the first week of August. Only two IPOs are set for pricing, while two NYSE – American uplisting deals, a NASDAQ uplisting and a SPAC IPO round out the week. Bankers expect to raise about $145.8 million, if all six deals get […]

Mobile Global eSports, Inc. (MGAM) priced its micro-cap IPO on Thursday night, July 28, 2022, at $4.00 – its assumed IPO price – and sold 1.5 million shares, the number in the prospectus, to raise $6.0 million. The stock is expected to start trading Friday, July 29th, on the NASDAQ. WestPark Capital was the sole […]

For Wall Street, it’s all about the Fed today. The focus is on what Fed Chairman Jerome Powell will say at his news conference at 2:30 p.m. EDT. A rate increase of 0.75 percent is expected. As for IPOs, one tiny biotech deal and one micro-cap NASDAQ uplisting deal are set to price tonight. Two […]

Virax Biolabs Group Limited (VRAX) shares shot up to $20.01 – a jump of 300.2 percent from their IPO price – on Thursday (July 21, 2022) in late morning trading on the NASDAQ. The COVID-19 diagnostic test and PPE company priced its IPO on Wednesday night (July 20, 2022) at $5.00 and sold 1.35 million shares, […]