The IPO Buzz: Light Traffic in Christmas Week

Exceptionally light traffic is the forecast for Christmas week. IPO bankers may price two to four micro-cap deals during the week of Dec. 27, 2022. The U.S. stock market was closed on Monday, Dec. 26, 2022, which was the federal holiday in observance of Christmas Day. Many on Wall Street are taking time off during this four-day work week following the celebration of Christmas on Sunday, Dec. 25th. Sunday also marked the last night of Hanukkah.

Jin Medical International Ltd. (ZJYL proposed), the Cayman Islands-incorporated holding company of a profitable Chinese wheelchair maker, and Prestige Wealth Inc. (PWM proposed), a profitable Hong Kong-based wealth management management company, are featured on this week’s IPO Calendar. (Please see the IPO Calendar.)

Stay tuned.

(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on’s 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: then scroll down to IPO Message.
Disclosure: Nobody on the staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The staff does not issue advice, recommendations or opinions.
Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.