FCUV News

The IPO market saw a quiet end to the summer with only two IPOs this past week. SPAC activity remained steady with seven blank check IPOs. New filers continue to pour into the IPO pipeline, with 11 IPOs, one direct listing, and two SPACs submitting initial filings.     For a deeper dive into the fall IPO market, read our ...read more

In the typically-slow month of August, nine IPOs raised $1.0 billion, joined by 31 SPACs. Only four of the nine offerings raised over $100 million. Activity was well below August 2020, which saw investors and bankers skip their vacations due to the pandemic. Five listings also postponed this past month amid poor IPO aftermarket returns and “IPO indigestion” after summer...read more

Focus Universal, which is developing smart sensors and devices for the home and other areas, raised $10 million by offering 2 million shares at $5, within the range of $4 to $6. The company is currently listed on the OTCQB (FCUV). The company is focused on the development, sale and installation of products using its proprietary IoT and power line communication technologies,...read more

Updated Monday, 8/30. As the August lull continues, just two IPOs are currently scheduled for the week ahead. A handful of SPACs may price throughout the week as well. We also anticipate filing activity to continue steadily ahead of the IPO market’s post-Labor Day pickup.   Korean game developer DoubleDown Interactive (DDI) plans to raise...read more