ELWS News

A handful of small IPOs and one direct listing closed out the last full week of July. Aviation company Surf Air Mobility (SRFM) completed the first direct listing of 2023, opening 75% below its reference price to begin trading at $5. The company provides a regional air mobility platform and intends to develop powertrain technology to electrify existing fleets...read more

Earlyworks, which provides blockchain technology to businesses in Japan, raised $6 million by offering 1.2 million ADSs at $5, as expected. Through its proprietary Grid Ledger System, Earlyworks leverages blockchain technology in various business settings, including advertisement tracking, online visitor management, and sales of non-fungible tokens. The company...read more

Earlyworks, which provides blockchain technology to businesses in Japan, raised the proposed deal size for its upcoming IPO on Friday. In its latest filing, the company also replaced sole bookrunner Univest Securities with Tiger Brokers, and disclosed financials for the six months ended October 31, 2022. The Tokyo, Japan-based company now plans to raise $6 million by offering 1.2...read more

Earlyworks, which provides blockchain technology to businesses in Japan, announced terms for its IPO on Friday. The Tokyo, Japan-based company plans to raise $6 million by offering 1.2 million ADSs at a price range of $4 to $6. At the midpoint of the proposed range, Earlyworks would command a fully diluted market value of $80 million. Concurrently, selling shareholders have...read more