MWG News

Four small issuers began trading this past week, three of which are eligible for inclusion in our IPO stats. One small deal postponed (VCIG), and a few others delayed (UCAR, GDHG, GMM). Ispire Technology (ISPR) downsized and priced at the midpoint to raise $19 million at a $369 million market cap. Formed to acquire certain businesses of Chinese vaping...read more

Multi Ways Holdings, a Singapore-based supplier of heavy construction equipment, raised $18 million by offering 7.2 million shares (17% secondary) at $2.50, within the range of $2 to $3. The company offered 0.8 million more shares than anticipated. Multi Ways opened for trading on Monday at $3.05 (+22% vs. offer price) and ended the first day at $8.87 (+255%). Multi Ways is the...read more

Five small Asian issuers are currently on the calendar for the week ahead, four of which qualify for inclusion in our IPO stats. Others may join throughout the week//late. Chinese battery-swapping station developer U Power (UCAR) plans to raise $18 million at a $368 million market cap. U Power started as a vehicle sourcing service provider in China, and in 2020,...read more

Multi Ways Holdings, which sells and rents heavy construction equipment in Singapore, filed on Wednesday with the SEC to raise up to $16 million in an initial public offering. The Singapore-based company plans to raise $16 million by offering 6.4 million shares (19% secondary) at a price range of $2 to $3. At the midpoint of the proposed range, Multi Ways Holdings would command a...read more