TOP News

US IPO Market Posts Its Slowest 2Q Since the Great Recession Just 21 IPOs raised $2.1 billion in the US IPO market’s slowest second quarter since 2009. Issuance was sluggish from the start and pulled back further in late May, as recession fears were heightened by record inflation...read more

After a week of no IPOs or SPACs, May closed out with one small deal. Three IPOs and one SPAC submitted initial filings. Zhong Yang Financial Group (TOP) priced at the low end to raise $25 million at a $175 million market cap. The Hong Kong-based online brokerage specializes in the trading of equities, futures, and options, and generates most revenues from...read more

Zhong Yang Financial Group, a Hong Kong-based online brokerage, raised $25 million by offering 5 million shares at $5, the low end of the range of $5 to $6. Zhong Yang specializes in the trading of local and foreign equities, futures, and options products. The company generates revenues primarily by charging flat-rate commission fees on futures transactions, and mainly serves high...read more

Five blank check companies went public this past week. While there were no traditional IPO pricings, more than 10 companies launched as the IPO market gears up for a busy September. The pipeline remained active with eight IPOs and eight SPACs submitting initial filings. Five SPACs raised $860 million led by SILVERspac (SLVRU), which raised $250 million to acquire...read more