WeShop (WSHP Proposed), which describes itself as “a shoppable social network,” and Off the Hook YS (OTH Proposed), a yacht dealer, are among the eight deals on tap this week that could raise a total of about $248 million. That’s a far cry from the $1 billion-plus IPO Calendar in play for each of the two previous weeks.
This lean line-up is in play as the U.S. government shutdown continues for the sixth week.
WeShop Holdings (WSHP Proposed), a social network that runs on product reviews, is based in the Channel Islands. WeShop plans to go public on Monday, Nov. 10, through a Direct Listing on the NASDAQ. This is not an IPO.
WeShop expects to offer about 4 million shares. The Direct Listing – if it’s priced at US$25.40 – could raise about $100 million. The company sold 12,000 shares of stock at the equivalent of US$25.40 per share on March 21, 2024, according to the prospectus. The reference price for the Direct Listing is likely to be set tomorrow.
ThinkEquity is the financial adviser on the WeShop deal.
Off the Hook YS (OTH Proposed), based in Wilmington, N.C., is a U.S. yacht dealer with eight locations and an online presence. The wholesale yacht dealer intends to raise $25 million in an IPO set to price after the closing bell on Tuesday, which is Veterans Day – Nov. 11th.
ThinkEquity is also the sole book-runner of Off the Hook’s small IPO.
To check out the other deals expected to price this week: Please look at the IPO Calendar.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.