HWEP News

HW Electro, a Japanese retailer of electric light commercial vehicles, announced terms for its IPO on Monday. The Tokyo, Japan-based company plans to raise $15 million by offering 3.8 million ADSs at $4. At the proposed price, HW Electro would command a fully diluted market value of $181 million. HW Electro commenced selling and delivering two models of electric light commercial...read more

Since the start of the year, new US IPO filing activity has slowly picked up, boosted heavily by small Asian issuers. Small companies have dominated US IPO activity in the past two years. Nearly three-quarters of new filings in 2023 have been for offerings of $50 million or less, and the majority of these small filers are based in Asia. ...read more

Three IPOs and two SPACs debuted this week, while the pipeline got a boost from a flurry of initial filings. Oncology biotech CARGO Therapeutics (CRGX) priced at the bottom of the range to raise $281 million at a $611 million market cap. The biotech's lead program is an autologous CD22 CAR T-cell candidate, the underlying CAR of which the company exclusively...read more

HW Electro, a Japanese retailer of electric light commercial vehicles, filed on Wednesday with the SEC to raise up to $17 million in an initial public offering. HW Electro commenced selling and delivering two models of electric light commercial vehicles, ELEMO and ELEMO-K, in Japan in April 2022 and July 2022, respectively. It has been working with Cenntro, its...read more