Four small issuers began trading this past week, three of which are eligible for inclusion in our IPO stats. One small deal postponed (VCIG), and a few others delayed (UCAR, GDHG, GMM). Ispire Technology (ISPR) downsized and priced at the midpoint to raise $19 million at a $369 million market cap. Formed to acquire certain businesses of Chinese vaping...read more
ARB IOT Group, which provides IoT system integration and support services in the ASEAN region, raised $5.0 million by offering 1.25 million shares at $4, the low end of the range of $4 to $6. The Kuala Lumpur, Malaysia-based company states that it is a provider of complete solutions for the integration of Internet of Things (“IoT”) systems and devices, from designing...read more
ARB IOT Group, which provides IoT system integration and support services in the ASEAN region, raised the proposed deal size for its upcoming IPO on Monday. The Kuala Lumpur, Malaysia-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 1.2 million shares at the same range. At the midpoint...read more
Two SPACs began trading this past week, joined by a nano-cap IPO which is excluded from our stats. The biggest news of the week came from Intel’s Mobileye (MBLY), which filed for an IPO we estimate could raise up to $2.5 billion. Mobileye provides a portfolio of advanced driver assistance systems (ADAS) and autonomous driving solutions is built upon a...read more
US IPO Weekly Recap: Small deals drive activity in the IPO market's short week
Four small issuers began trading this past week, three of which are eligible for inclusion in our IPO stats. One small deal postponed (VCIG), and a few others delayed (UCAR, GDHG, GMM). Ispire Technology (ISPR) downsized and priced at the midpoint to raise $19 million at a $369 million market cap. Formed to acquire certain businesses of Chinese vaping...read more
Malaysian IOT integration company ARB IOT Group prices US IPO at $4 low end
ARB IOT Group, which provides IoT system integration and support services in the ASEAN region, raised $5.0 million by offering 1.25 million shares at $4, the low end of the range of $4 to $6. The Kuala Lumpur, Malaysia-based company states that it is a provider of complete solutions for the integration of Internet of Things (“IoT”) systems and devices, from designing...read more
Malaysian IoT provider ARB IOT Group ups proposed share offering by 8% ahead of $7 million US IPO
ARB IOT Group, which provides IoT system integration and support services in the ASEAN region, raised the proposed deal size for its upcoming IPO on Monday. The Kuala Lumpur, Malaysia-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 1.2 million shares at the same range. At the midpoint...read more
US IPO Weekly Recap: Mobileye files for a billion-dollar IPO
Two SPACs began trading this past week, joined by a nano-cap IPO which is excluded from our stats. The biggest news of the week came from Intel’s Mobileye (MBLY), which filed for an IPO we estimate could raise up to $2.5 billion. Mobileye provides a portfolio of advanced driver assistance systems (ADAS) and autonomous driving solutions is built upon a...read more