US Weekly IPO and SPAC Monitor: VinFast Auto, Clarios, Turo and BKV Pipeline

The IPO is looking for a better 2023 after a pitiful 2022. Sentiment is dismal and there are currently no IPOs scheduled for the first week of January. Last week we saw the year’s final IPO in the past week, Coya Therapeutics (COYA). Not surprisingly China-based “Xihe” Platform provider Intchains Group (ICG) and Hong Kong based asset manager Prestige Wealth (PWM) both delayed their IPOs. There are several large issuers in the pipeline including Vietnamese EV spin-off VinFast Auto (VFS), battery maker Clarios International … Continue reading “US Weekly IPO and SPAC Monitor: VinFast Auto, Clarios, Turo and BKV Pipeline”

US Weekly IPO and SPAC Monitor: Blockchain Group Intchains and Hong Kong’s Prestige Wealth

Heading into Christmas two IPOs are scheduled to go public. China-based “Xihe” Platform provider Intchains Group (ICG) plans to raise $29 million at a $499 million market cap. Hong Kong based asset manager Prestige Wealth (PWM), plans to raise $15 million at a $63 million market cap. In the past week just two SPACs AlphaVest Acquisition (ATMVU) and Horizon Space Acquisition I (HSPOU) raised $60 million each and nano-cap biotech Lipella Pharmaceuticals (LIPO) priced. There is a chance, but unlikely E-bike maker SONDORS … Continue reading “US Weekly IPO and SPAC Monitor: Blockchain Group Intchains and Hong Kong’s Prestige Wealth”

US Weekly IPO and SPAC Monitor: AlphaVest Acquisition Targeting Asian Business

Another slow week for new floats, December finally had its second IPO, China-based Erayak Power Solution Group (RAYA) raised $12 million at a $48 million market cap. There’s currently one SPAC on the calendar SPAC, AlphaVest Acquisition (ATMVU) that is expected to price in the week ahead, along with 3 holdovers. There is talk, after pushing back the last three weeks E-bike maker SONDORS (SODR), BullFrog AI Holdings (BFAI) and Nano-cap ParaZero Technologies (PRZO) may also price. In the past week no new … Continue reading “US Weekly IPO and SPAC Monitor: AlphaVest Acquisition Targeting Asian Business”

US Weekly IPO and SPAC Monitor: E-Bike Maker SONDORS and Drone Tech ParaZero

December finally had it first IPO, the much-delayed micro-cap diamond maker Adamas One (JEWL) priced at the low end. Coming into year-end there may be small deals on the calendar, but larger IPO will be for next year. E-bike maker SONDORS (SODR) may price in the week ahead, planning to raise $23 million at a $146 million market cap. There is talk, after pushing back the last three weeks BullFrog AI Holdings (BFAI) will price its IPO to raise $8 million. Nano-cap ParaZero … Continue reading “US Weekly IPO and SPAC Monitor: E-Bike Maker SONDORS and Drone Tech ParaZero”