GRFX News

While August is typically a slow month for capital markets, monthly issuance reached double digits for the first time this year as 12 small IPOs raised a combined $196 million. The largest deal raised just $36 million, and the median deal size remained low at $15 million. August IPOs averaged a return of over 1,000% from offer due to a volatile uplisting that began trading on the...read more

Three small issuers began trading in another quiet week for the IPO market, though just two met our tracking criteria. In the pipeline, two IPOs submitted initial filings. The most notable news from the pipeline, AIG carve-out Corebridge Financial (CRBG) disclosed 1H22 financials this past Tuesday ahead of an estimated $3 billion IPO which could launch as early...read more

Graphex Group, which manufactures graphene products for lithium-ion batteries in China, raised $12 million by offering 4.7 million ADSs at $2.50, the midpoint of the range of $2 to $3. The company offered 1.5 million more ADSs than anticipated. Graphex manufactures natural spherical graphite and specialized graphite products that are used primarily in lithium-ion batteries,...read more

Graphex Group, which manufactures graphene products for lithium-ion batteries in China, announced terms for its IPO on Monday. The company is currently listed on the Hong Kong Exchange (6128) and the OTCQX market (GRFXY). The Hong Kong-based company plans to raise $8 million by offering 3.2 million ADSs at a price range of $2 to $3. At the midpoint of the proposed range,...read more