HKIT News

Eight issuers began trading this past week, six of which are eligible for inclusion in our IPO stats. All eight are based outside of the US, and most of the deals downsized at pricing. Two blank check IPOs also debuted. Three small IPOs and one SPAC submitted initial filings. Oslo-listed maritime bulk carrier Himalaya Shipping (HSHP) raised $45 million at a $231...read more

Hitek Global, which provides IT consulting and solutions services in China, raised $16 million by offering 3.2 million shares at $5, as expected. The company offered 0.8 million fewer shares than anticipated. Hitek Global originally filed with the SEC in November 2018, and its F-1 prospectus was declared effective in March 2020. The company continued to provide updates via...read more

Hitek Global, which provides IT consulting and solutions services in China, set a proposed price for its upcoming IPO on Monday. The Xiamen, China-based company now plans to raise $20 million by offering 4 million shares at $5. The company had previously filed to offer the same number of shares at a range of $4 to $6. At the proposed price, Hitek Global would command a market...read more

Hitek Global, which provides IT consulting and solutions services in China, raised the proposed deal size for its upcoming US IPO on Thursday. The Xiamen, China-based company now plans to raise $20 million at a market cap of $75 million by offering 4 million shares at a price range of $4 to $6. The company had previously filed to offer 3 million shares. At the midpoint of the...read more