INHD News

The December IPO market saw some activity this past week as two smaller issuers completed offerings, only one of which was large enough to include in our stats. One blank check company also priced, and the pipeline got one sizable addition. China-based ZKH Group (ZKH) priced at the low end to raise $62 million at a $2.6 billion market cap. The company provides...read more

Updated Monday, 12/11. One foreign issuer is currently scheduled to price a US IPO in the week ahead, though some small deals may join the calendar late. China-based ZKH Group (ZKH) plans to raise $66 million at a $2.8 billion market cap. The company provides MRO (materials for maintenance, repair, and operations) procurement services through two...read more

Just one small IPO priced this past week, joined by one SPAC that began trading. Three IPOs joined the pipeline, including one that plans to raise $100 million, as well as four SPACs. The sole pricing this week was steel framing manufacturer INNO HOLDINGS (INHD), which priced at the low end to raise $10 million at an $83 million market cap. Small and highly...read more

INNO HOLDINGS, which manufactures cold-formed steel framing for the construction industry, raised $10 million by offering 2.5 million shares at $4, the low end of the range of $4 to $5. In an unusual move for US markets, the company's shares are expected to begin trading on Tuesday, December 12, 2023, one week after pricing. INNO HOLDINGS is a manufacturer of...read more