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Commentary & News

Solar systems provider SolarMax Technology prices $18 million IPO at $4 per share; pops 100% on first day

SMXT

SolarMax Technology, which sells solar energy equipment and LED light systems, raised $18 million by offering 4.5 million shares at $4.00. The company announced its pricing and began trading on Tuesday, opening below issue at $3.50 but finishing at $8.00, for a day-one return of 100%. SolarMax had a long road to its IPO. The company first filed confidentially in late 2016,...read more

Personal care appliance wholesaler Raytech lowers share offering by 40% ahead of $7 million US IPO

RAY

Raytech Holding, which sources and wholesales personal care electrical appliances, lowered the proposed deal size for its upcoming IPO on Tuesday. The Hong Kong-based company now plans to raise $7 million by offering 1.5 million shares at a price range of $4 to $5. The company had most recently filed to offer 2.5 million shares at the same range. At the midpoint, Raytech Holding...read more

Hong Kong-based mF International removes insider selling ahead of $7 million US IPO

MFI

mF International, a Hong Kong-based trading platform provider, lowered the proposed share offering for its upcoming IPO on Tuesday. The company now plans to raise $7 million by offering 1.6 million shares at a price range of $4 to $5. The company had previously filed to offer 1.8 million shares at the same range. At the revised deal size, mF International will raise -12% less in...read more

Fitness program provider Alta Global Group cuts shares offered by 35% ahead of proposed $7 million US IPO

MMA

Alta Global Group, which provides martial art and combat sport training through a network of partner gyms, lowered the proposed deal size for its upcoming IPO on Tuesday. The Manly, Australia-based company now plans to raise $7 million by offering 1.3 million shares at a price range of $4 to $6. The company had previously filed to offer 2 million shares at the same range. At the...read more