Category Archives: The IPO Buzz

U Power Limited (UCAR) shares shot up 619.7 percent to close at $43.18 – more than seven times their $6.00 IPO price –  in their NASDAQ debut today (Thursday, April 20, 2023). That’s a mega-moonshot – and the best performance on Day 1 for any IPO so far this year. U Power blew past the 255 […]

Some like it low. Top KingWin Ltd. (TCJH) and Trio Petroleum (TPET) kicked off the week by pricing their micro-cap IPOs at the low end of their respective ranges on Monday night (April 17, 2023). But Top KingWin trimmed its number of shares at pricing, while Trio Petroleum slightly increased its deal’s size: Top KingWin cut […]

CytoMed Therapeutics Limited (GDTC) priced its micro-cap IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – on 2.41 million ordinary shares – the same number (2,412,369 shares) as in the prospectus – on Thursday night (April 13, 2023). The Malaysian pre-clinical cancer biotech’s IPO raised $9.65 million. The stock in the […]

Malaysian business consulting company VCI Global Ltd. (VCIG) shares shot up 29 percent to open at $5.16 – up $1.16 from their $4.00 IPO price – in their NASDAQ debut at 11:19 a.m. EDT today (Thursday, April 13, 2023). The stock later gave up about half of that gain to trade at $4.57 – up 14.25 […]

It was back to earth at the close for Golden Heaven Group Holdings Ltd. (GDHG). The stock ended at $4.01 – up 1 penny from its $4.00 IPO price – after rising more than 10 percent during its first day of NASDAQ trading on Wednesday (April 12, 2023). Volume: 892,303 shares. The Chinese amusement park operator’s […]

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 […]