The market priced four IPOs last week, Singapore-based Ohmyhome (OMH) finished up 7%, Bunkering facilitator CBL International (BANL) finished up 10%, Mangoceuticals (MGRX) finished down 38% Clean Energy Technologies (CETY) raised $4 million at a $153 million market cap and uplisted to the Nasdaq. It finished up 3%. In the week ahead four small Chinese companies are currently scheduled to list. Chinese oat and grain products producer YanGuFang International Group (YGF), Chinese amusement and water park operator Golden Heaven Group … Continue reading “US Weekly IPO and SPAC Monitor: Global Mofy Metaverse, YanGuFang, Millennium”
Nike Earnings Beat Expectations but Bloated Inventory and Sales in China Weigh
Nike released FY third-quarter results after the market close Tuesday that beat Wall Street’s expectations, but bloated inventory and sales in China that fell short of expectations squeezed the company’s margins again. NIKE Direct sales were $5.3 billion, up 17 percent on a reported basis and up 22 percent on a currency-neutral basis. NIKE Brand Digital sales increased 20 percent on a reported basis, or 24 percent on a currency-neutral basis. Nike Inc NYSE: NKE Reported Earnings After Close Tuesday … Continue reading “Nike Earnings Beat Expectations but Bloated Inventory and Sales in China Weigh”
US Weekly IPO and SPAC Monitor: Grain Producer YanGuFang, Golden Heaven Amusement Parks, Mangoceuticals
The market priced two IPOs last week, ASIC chips designer Intchains Group (ICG) finished up 3%. Chinese B2B e-commerce platform provider ICZOOM Group (IZM) finished down 18%. Blank check company Four Leaf Acquisition (FORLU) raised $52 million in a downsized IPO to target the IoT space or adjacent spaces. In the week ahead three small companies scheduled to list. Chinese grain producer YanGuFang International Group (YGF), Chinese amusement park operator Golden Heaven Group Holdings (GDHG) and ED developer Mangoceuticals (MGRX). Three small … Continue reading “US Weekly IPO and SPAC Monitor: Grain Producer YanGuFang, Golden Heaven Amusement Parks, Mangoceuticals”
US Weekly IPO and SPAC Monitor: SolarJuice, Opti-Harvest & ASIC chip designer Intchains
There were deals priced during the short holiday week, but six small companies are scheduled to list in the week ahead. SolarJuice (SJA) a spin out from SPI Energy, alternative medicine practice Nava Health MD (NAVA), China-based ASIC chip designer Intchains Group (ICG), advertising contract marketplace NYIAX (NYX), Opti-Harvest (OPHV) and Ultimax Digital (NFTU) are on the docket. Last week Atmus Filtration Technologies (ATMU), the filtration unit of engine maker Cummins, filed for an IPO for up to $350 million. … Continue reading “US Weekly IPO and SPAC Monitor: SolarJuice, Opti-Harvest & ASIC chip designer Intchains”
US Weekly IPO and SPAC Monitor: Advertising Marketplace NYIAX, Chinese e-commerce ICZOOM
The IPO corridor slowed down this past week with just two small issuers priced as several deals postponed (SODR, MGRX) or were delayed (TRNR, INTS, NRXS). The NFT Gaming Company (NFTG), which is developing a digital gaming platform, raised $7 million and finished the week down -8%. BullFrog AI (BFRG), which is developing an AI/ML platform for drug development, raised $8 million and finished down -27%. Just two small deals scheduled for the short holiday week, advertising contract marketplace NYIAX (NYX) plans to raise $9 … Continue reading “US Weekly IPO and SPAC Monitor: Advertising Marketplace NYIAX, Chinese e-commerce ICZOOM”
US Weekly IPO and SPAC Monitor: Interactive Strength, NFT Gaming Company
Last week was the busiest week since November 2021 for $100+ million IPOs in over a year, with Nextracker (NXT), Enlight Renewable Energy (ENLT), Hesai Group (HSAI) and Minerals Therapeutics (MLYS) leading. The week ahead we have six small companies currently scheduled to float. Electric bike maker SONDORS (SODR), fitness equipment brand Interactive Strength (TRNR), gaming platform developer The NFT Gaming Company (NFTG). Holdovers Intensity Therapeutics (INTS), infectious disease biotech Alopexx (APLX), and BullFrog AI (BFRG). IPOs had a busy … Continue reading “US Weekly IPO and SPAC Monitor: Interactive Strength, NFT Gaming Company”
US Weekly IPO and SPAC Monitor: Nextracker, Enlight Renewable Energy, SONDORS, Mineralys Therapeutics
IPO’s have a busy week ahead with nine deals set to price. Four planning to raise more than $100 million. Integrated solar tracker and software solutions company Nextracker (NXT) plans to raise $500 million. Enlight Renewable Energy (ENLT) plans to raise $293 million. Chinese lidar developer Hesai Group (HSAI) plans to raise $162 million. Cardiorenal disease biotech Minerals Therapeutics (MLYS) plans to raise $150 million. E-bike maker SONDORS (SODR) plans to raise $23 million. Four other small deals may also … Continue reading “US Weekly IPO and SPAC Monitor: Nextracker, Enlight Renewable Energy, SONDORS, Mineralys Therapeutics”
US Weekly IPO and SPAC Monitor: Structure Therapeutics, Lead Real Estate and NeurAxis
Four IPOs are scheduled to price in the week ahead. Chronic disease biotech Structure Therapeutics (GPCR) leads the week’s deals. The company is headquartered in California with R&D operations in China. Also on the calendar is holdover Lead Real Estate (LRE) may price in the week ahead. Nano-cap NeurAxis (NRXS) may also price. Four deals priced this week TXO Energy Partners LP (TXO), the year’s first energy IPO. QuantaSing Group (QSG), Genelux (GNLX) and Brera Holdings (BREA) also priced. A … Continue reading “US Weekly IPO and SPAC Monitor: Structure Therapeutics, Lead Real Estate and NeurAxis”
US Weekly IPO and SPAC Monitor: TXO Energy, QuantaSing, Genelux and Brera FC
Four IPOs are scheduled to price in the week ahead. TXO Energy Partners LP (TXO) leads the week’s deals, the year’s first energy IPO. Chinese edtech QuantaSing Group (QSG) is due to price after being delayed. Solid tumor biotech Genelux (GNLX) and Italian amateur football club operator Brera Holdings (BREA) are expected. Holdovers Lucy Scientific Discovery (LSDI) and BullFrog AI Holdings (BFRG) may also price in the week ahead. Early-stage Canadian psychotropics company Lucy plans to raise $8 million at … Continue reading “US Weekly IPO and SPAC Monitor: TXO Energy, QuantaSing, Genelux and Brera FC”
US Weekly IPO and SPAC Monitor: Edtech QuantaSing, Psychotropics Lucy Scientific Discovery
Three IPOs are scheduled to price in the week ahead. Chinese edtech QuantaSing Group (QSG), Canadian psychotropics company Lucy Scientific Discovery (LSDI) and holdover BullFrog AI Holdings (BFRG) are asll on the docket. Last week we saw the first pricings of the new year, led by Skyward Specialty Insurance Group (SKWD), the first deal to raise over $100 million since Mobileye (MBLY) in October of last year. MGO Global (MGOL) priced, and Nasdaq uplifting Atlas Lithium (ATLX) was completed. Israel … Continue reading “US Weekly IPO and SPAC Monitor: Edtech QuantaSing, Psychotropics Lucy Scientific Discovery”