JZXN News

Following some turmoil in the IPO market, three IPOs and one direct listing entered the public markets this past week. SPAC activity picked up considerably, with seven blank check IPOs raising $1.3 billion. The pipeline saw plenty of new filers, with 13 IPOs and four SPACs submitting initial filings. The largest deal of the week, Swedish oat milk brand ...read more

Jiuzi Holdings, an electric vehicle retailer in China, raised $26 million by offering 5.2 million shares at $5, the midpoint of the $4 to $6 range. The company offered 200,000 more shares than anticipated. At pricing, the company commands a market value of $101 million.  Jiuzi Holdings franchises and operates retail stores under brand name "Jiuzi," which sell new energy...read more

Jiuzi Holdings, a new energy vehicle retailer in China, announced terms for its IPO on Tuesday. The Hangzhou, China-based company plans to raise $25 million by offering 5 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Jiuzi Holdings would command a market value of $100 million. Jiuzi Holdings franchises and operates retail stores under...read more

Two foreign electric vehicle makers and three SPACs went public this past week. A wave of filings brought 27 companies into the IPO pipeline. Xpeng (XPEV), a Chinese electric vehicle maker, upsized and priced above the range to raise $1.5 billion at an $11.2 billion market cap. While the company has yet to achieve positive gross margins, its P7 model has seen...read more