HPCO News

The long Labor Day weekend is here, which means the summer IPO market has come to an end. Four small issuers began trading this past week, although only two met our tracking criteria. Just two IPOs and one SPAC submitted initial filings. The most notable news of the week came from the pipeline. Digital ad firm Aleph Group (ALEF) and car sharing platform...read more

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

Hempacco, which manufactures nicotine-free cigarettes made from hemp, raised $6 million by offering 1 million shares at $6, as expected. The company originally planned to offer 3 million shares at a range of $4 to $6 before revising the terms in late July. The company produces nicotine-free and tobacco-free smokable hemp and herb products for its in-house brand of...read more

As August comes to an end, the US IPO market looks to close out the month with three small deals, though only one meets our tracking criteria. Other small deals may also join the calendar during the week. Hemp cigarette manufacturer Hempacco (HPCO) plans to raise $6 million at a $138 million market cap. The company’s products are sold in over 200 retail...read more